The Fair Share Report
111 Broad St
Matawan, NJ 07751
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $358,503 – $537,457, 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 $443,725 home should be assessed near $434,629.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,071 above what the ratio math suggests (0.2%).
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 $1.969 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
76%127%
Paying about right
This home's ratio lands inside Matawan'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 |
|---|---|---|---|---|
| 101 BROAD ST | 2026-05 | $615,000 | 1,409 | 98.9% |
| 195 MAIN ST | 2025-05 | $535,000 | 1,539 | 101.6% |
| 2 1/2 MAIN ST | 2025-01 | $340,000 | 1,455 | 110.8% |
| 328 MAIN ST | 2025-04 | $565,000 | 1,584 | 83.3% |
| 64 ATLANTIC AVE | 2026-05 | $400,000 | 1,542 | 93.2% |
| 75 RAVINE DR | 2025-03 | $500,000 | 1,152 | 95.7% |
| 27 JOHNSON AVE | 2025-01 | $585,000 | 1,456 | 99.5% |
| 255 JACKSON ST | 2025-02 | $450,000 | 1,498 | 93.2% |
| 25 NEW BRUNSWICK AVE | 2025-01 | $469,000 | 1,176 | 95.3% |
| 23 ANNMAR DR | 2026-01 | $625,000 | 1,224 | 89.7% |
| 421 SLOAN CT | 2025-06 | $425,000 | 1,440 | 104.0% |
| 418 SLOAN CT | 2025-02 | $457,500 | 1,440 | 96.6% |
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