The Fair Share Report
116 Sofia Dr
Manalapan, NJ 07726
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 $1,046,378 – $1,228,410, from 12 comparable Manalapan 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 Manalapan assessments sit below market value — republished every October, applied town-wide. A $1,125,968 home should be assessed near $1,090,162.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,238 above what the ratio math suggests (1.0%).
Step 4 · The tax rate — same for every Manalapan home
$1.141 Schools · 69% $0.218 County · 13% $0.286 Town · 17%
Step 5 · The bill
This home vs. every recent Manalapan sale · assessed ÷ market
79%112%
Paying about right
This home's ratio lands inside Manalapan'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 |
|---|---|---|---|---|
| 6 SCARLETT TERRACE | 2026-04 | $1,275,000 | 3,432 | 58.0% |
| 5 SCARLETT TERRACE | 2026-01 | $999,000 | 3,082 | 101.6% |
| 12 TORI LANE | 2026-04 | $1,335,000 | 3,014 | 77.4% |
| 5 BEGONIA DRIVE | 2025-04 | $979,000 | 3,071 | 95.5% |
| 86 SOFIA DRIVE | 2026-01 | $1,200,000 | 3,485 | 59.9% |
| 40 MULBERRY DRIVE | 2026-01 | $1,055,000 | 3,264 | 100.3% |
| 9 BRISTOL ROAD | 2025-04 | $1,177,500 | 3,250 | 94.6% |
| 77 WINTERGREEN DRIVE | 2025-03 | $980,000 | 3,408 | 99.6% |
| 67 SOFIA DRIVE | 2026-02 | $1,185,000 | 3,014 | 65.1% |
| 54 BLOOMFIELD ROAD | 2025-04 | $1,300,000 | 3,069 | 88.9% |
| 8 CRAWFORD ROAD | 2026-01 | $839,999 | 3,042 | 92.2% |
| 32 BLOOMFIELD ROAD | 2025-04 | $1,075,000 | 3,053 | 91.7% |
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