The Fair Share Report
11 Rustic Ln
Matawan, NJ 07747
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Matawan's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $675,398 – $765,682, from 12 comparable Matawan sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Matawan assessments sit below market value — republished every October, applied town-wide. A $733,134 home should be assessed near $718,105.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,005 below what the ratio math suggests (2.4%).
Step 4 · The tax rate — same for every Matawan home
$1.221 Schools · 59% $0.196 County · 9% $0.670 Town · 32%
This home's own bill implies $1.896 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Matawan sale · assessed ÷ market
78%110%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 POET DR | 2026-06 | $765,000 | 2,138 | 96.1% |
| 10 CHESTNUT DR | 2026-03 | $665,000 | 1,722 | 89.1% |
| 7 CHESTNUT DR | 2025-04 | $630,000 | 1,722 | 95.7% |
| 50 BROAD ST | 2025-04 | $629,900 | 1,908 | 99.1% |
| 57 OAK KNOLL DR | 2025-05 | $605,000 | 1,746 | 99.6% |
| 5 LOLA LN | 2025-04 | $595,000 | 1,680 | 94.5% |
| 208 BROAD ST | 2025-02 | $740,000 | 2,520 | 99.5% |
| 3 ELIZABETH DR | 2025-02 | $665,000 | 2,478 | 101.9% |
| 10 SOMERSET PL | 2026-01 | $845,000 | 2,614 | 85.9% |
| 18 OAK KNOLL DR | 2026-01 | $620,000 | 1,770 | 91.2% |
| 7 TAYLOR RD | 2025-01 | $599,900 | 1,688 | 99.0% |
| 8 SUTPHIN AVE | 2026-03 | $617,500 | 1,565 | 89.9% |
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