The Fair Share Report

968 Ter Blvd

Ewing, NJ 08618

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

≈ $314,085

Likely range $235,008 – $422,353, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $314,085 home should be assessed near $198,502.

Step 3 · Assessed value

$150,500

Set at the last town-wide revaluation and mostly frozen since. That's $48,002 below what the ratio math suggests (24.2%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$6,097/yr
Public schools$3,161
Mercer County$1,345
Town of Ewing$1,591
Ewing average$8,367

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

Town median 55.0%
This home · 47.9%

30%78%

Paying about right

This home's ratio lands inside Ewing'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
99 PENNWOOD DR2025-03$170,0001,250101.9%
1003 TERRACE BLVD2025-01$242,0001,21279.6%
109 CARLTON AVE2025-02$305,0001,16651.7%
972 TERRACE BLVD2025-10$380,0001,16450.3%
117 BROWNING AVE2025-12$290,1011,34461.6%
23 W UPPER FERRY RD2025-03$299,9001,23861.8%
115 STRATFORD AVE2026-01$295,0001,11651.3%
161 ALBEMARLE AVE2025-07$385,0001,15251.6%
1840 PENNINGTON RD2025-09$285,0001,42171.2%
1060 TERRACE BLVD2026-04$340,0001,11652.6%
7 HINCKLE AVE2025-12$480,0001,35349.6%
503 EWINGVILLE RD2025-01$369,9001,45852.0%

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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 →