The Fair Share Report
101 Murphy Dr
Eagleswood, NJ 08092
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 $197,802 – $513,611, from 12 comparable Eagleswood sales in the past 18 months, at this home's 960 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Eagleswood assessments sit below market value — republished every October, applied town-wide. A $341,299 home should be assessed near $200,854.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,354 below what the ratio math suggests (4.7%).
Step 4 · The tax rate — same for every Eagleswood home
$2.013 Schools · 67% $0.497 County · 17% $0.476 Town · 16%
Step 5 · The bill
This home vs. every recent Eagleswood sale · assessed ÷ market
32%102%
Paying about right
This home's ratio lands inside Eagleswood's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 434 DOCK ROAD | 2025-11 | $570,000 | 936 | 41.1% |
| 251 WEST ST. | 2025-12 | $438,000 | 1,232 | 51.5% |
| 227 RAILROAD AVENUE | 2026-05 | $168,000 | 940 | 84.2% |
| 181 SILVER LAKE DRIVE | 2025-05 | $130,000 | 997 | 136.5% |
| 254 ALLEY AVE | 2025-08 | $489,000 | 914 | 51.3% |
| 244 BRANT DRIVE | 2025-10 | $225,000 | 1,092 | 69.8% |
| 241 HOMESTEAD AVENUE | 2025-05 | $325,500 | 884 | 45.8% |
| 122 FORGE ROAD | 2025-03 | $370,000 | 1,050 | 47.1% |
| 195 JOHN STREET | 2025-03 | $250,000 | 855 | 65.4% |
| 367 DOCK ROAD | 2025-08 | $359,000 | 792 | 40.0% |
| 400 DOCK ROAD | 2025-05 | $575,000 | 1,062 | 46.3% |
| 110 QUAIL LANE | 2025-08 | $460,000 | 1,542 | 43.9% |
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