The Fair Share Report
115 Shell Rd
Commercial, NJ 08210
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 $66,048 – $159,338, from 12 comparable Commercial 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 Commercial assessments sit below market value — republished every October, applied town-wide. A $111,882 home should be assessed near $90,099.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,799 below what the ratio math suggests (8.7%).
Step 4 · The tax rate — same for every Commercial home
$0.905 Schools · 33% $1.146 County · 42% $0.704 Town · 26%
This home's own bill implies $3.326 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Commercial sale · assessed ÷ market
41%145%
Paying about right
This home's ratio lands inside Commercial'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 |
|---|---|---|---|---|
| 7178 KERON DRIVE | 2026-03 | $170,000 | 980 | 61.9% |
| 6117 QUAIL DRIVE | 2025-06 | $119,900 | 972 | 89.7% |
| 7079 CHARLES PLACE | 2025-01 | $80,000 | 888 | 140.3% |
| 7414 BATTLE LANE | 2025-10 | $265,000 | 1,128 | 48.9% |
| 1314 SPRING GARDEN RD | 2026-02 | $46,300 | 954 | 159.2% |
| 7194 SAMUEL DRIVE | 2025-08 | $55,000 | 968 | 139.4% |
| 1857 LAKESHORE DR | 2025-10 | $60,000 | 736 | 163.7% |
| 340 ROBIN RD | 2025-12 | $85,000 | 1,325 | 128.8% |
| 1511 NORTH AVE | 2025-07 | $190,000 | 1,251 | 59.6% |
| 115 ROBIN RD | 2025-08 | $177,000 | 960 | 63.1% |
| 7305 SAMUEL DRIVE | 2025-04 | $110,000 | 1,064 | 90.4% |
| 968 STEEP RUN RD | 2025-06 | $145,000 | 1,180 | 75.9% |
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