The Fair Share Report

9 Devon Rd

Washington, NJ 07853

The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.

Step 1 · Market value

≈ $729,828

Likely range $679,122 – $823,478, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $729,828 home should be assessed near $502,195.

Step 3 · Assessed value

$440,500

Set at the last town-wide revaluation and mostly frozen since. That's $61,695 below what the ratio math suggests (12.3%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$13,228/yr
Public schools$9,437
Morris County$1,409
Town of Washington$2,382
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 60.4%

46%85%

Paying about right

This home's ratio lands inside Washington's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
37 FLINTLOCK DR2025-07$769,0002,41053.1%
8 BUTTONWOOD DR2025-10$625,0002,48463.7%
51 WINAY TER2026-06$785,0002,61860.1%
2 POWDER MILL RD2025-06$699,0002,37857.7%
28 DOUGLAS DR2025-08$760,0002,28051.5%
9 HIGH RIDGE RD2025-06$870,0002,63352.6%
2 APGAR RD2025-07$669,0002,52662.5%
32 WINAY TER2026-05$850,0002,49253.9%
149 FLOCKTOWN RD2026-06$815,0002,15346.6%
3 GREEN HILLS RD2025-10$735,0002,59463.5%
11 PARKVIEW RD2025-12$660,0002,33067.2%
1 WARWICK DR2025-08$775,0002,79062.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →