The Fair Share Report
1 Mill Rd
Shamong, NJ 08088
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.
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Step 1 · Market value
Likely range $553,366 – $712,688, from 12 comparable Shamong sales in the past 18 months, at this home's 2,534 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Shamong assessments sit below market value — republished every October, applied town-wide. A $657,379 home should be assessed near $371,748.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $131,248 below what the ratio math suggests (35.3%).
Step 4 · The tax rate — same for every Shamong home
$2.641 Schools · 79% $0.563 County · 17% $0.119 Town · 4%
Step 5 · The bill
This home vs. every recent Shamong sale · assessed ÷ market
28%71%
Keep quiet and enjoy it
This home's assessment ratio sits below the Shamong pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 664 MC KENDIMEN ROAD | 2025-11 | $480,000 | 2,560 | 50.0% |
| 5 MEADOWBROOK DRIVE | 2025-08 | $600,000 | 2,601 | 52.3% |
| 47 MILLSTONE DRIVE | 2025-07 | $735,000 | 2,602 | 44.6% |
| 4 PACKENAH TRAIL | 2025-05 | $585,000 | 2,255 | 46.6% |
| 46 GRASSY LAKE ROAD | 2025-07 | $530,000 | 2,427 | 47.4% |
| 26 TUCKERTON ROAD | 2026-04 | $610,000 | 2,550 | 51.6% |
| 4 MEADOWBROOK DRIVE | 2025-07 | $825,000 | 2,894 | 42.7% |
| 86 THREE BRIDGE ROAD | 2025-03 | $462,000 | 2,110 | 46.5% |
| 126 WHARTON COURT | 2025-06 | $737,500 | 2,592 | 47.6% |
| 19 LAMPLIGHTER LANE | 2025-03 | $630,000 | 2,240 | 51.4% |
| 19 COBBLESTONE LANE | 2025-06 | $645,000 | 2,332 | 53.5% |
| 25 WALLINGFORD WAY | 2025-07 | $570,000 | 2,136 | 42.8% |
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