The Fair Share Report
13 Millstone Dr E
Shamong, NJ 08088
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 Shamong's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $524,804 – $607,219, from 12 comparable Shamong 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 Shamong assessments sit below market value — republished every October, applied town-wide. A $565,386 home should be assessed near $319,726.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,226 below what the ratio math suggests (11.0%).
Step 4 · The tax rate — same for every Shamong home
$2.641 Schools · 79% $0.563 County · 17% $0.119 Town · 4%
Step 5 · The bill
This home vs. every recent Shamong sale · assessed ÷ market
37%71%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 55 MILLSTONE DRIVE | 2025-02 | $525,000 | 2,180 | 53.4% |
| 53 LAUREL COURT | 2025-04 | $540,000 | 2,182 | 51.5% |
| 24 MUSKINGUM DRIVE | 2026-01 | $650,000 | 2,414 | 44.7% |
| 24 MUSKINGUM DRIVE | 2025-05 | $482,500 | 2,414 | 60.3% |
| 19 LAMPLIGHTER LANE | 2025-03 | $630,000 | 2,240 | 51.4% |
| 4 MILL ROAD | 2025-08 | $470,000 | 2,448 | 76.0% |
| 33 MUSKINGUM DRIVE | 2025-09 | $495,000 | 1,941 | 55.1% |
| 26 TUCKERTON ROAD | 2026-04 | $610,000 | 2,550 | 51.6% |
| 3 MILLS BROOK LANE | 2025-07 | $665,000 | 2,451 | 58.5% |
| 174 TUCKERTON RD | 2025-03 | $252,000 | 1,963 | 96.5% |
| 25 WALLINGFORD WAY | 2025-07 | $570,000 | 2,136 | 42.8% |
| 126 WHARTON COURT | 2025-06 | $737,500 | 2,592 | 47.6% |
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