The Fair Share Report
159 Broad St
Matawan, NJ 08859
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 $288,125 – $418,301, 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 $390,515 home should be assessed near $382,509.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,309 below what the ratio math suggests (4.5%).
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 $1.973 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%132%
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% |
| 42 WILSON AVE | 2025-05 | $360,000 | 873 | 112.8% |
| 8 NEW BRUNSWICK AVE | 2025-04 | $317,000 | 660 | 113.3% |
| 75 RAVINE DR | 2025-03 | $500,000 | 1,152 | 95.7% |
| B-9 CROSS RD | 2025-02 | $275,000 | 850 | 83.2% |
| 195 MAIN ST | 2025-05 | $535,000 | 1,539 | 101.6% |
| 2 1/2 MAIN ST | 2025-01 | $340,000 | 1,455 | 110.8% |
| 22 OVERHILL RD | 2026-01 | $500,000 | 864 | 90.4% |
| 37 NEW BRUNSWICK AVE | 2026-02 | $450,000 | 1,075 | 92.8% |
| 328 MAIN ST | 2025-04 | $565,000 | 1,584 | 83.3% |
| 64 ATLANTIC AVE | 2026-05 | $400,000 | 1,542 | 93.2% |
| 27 JOHNSON AVE | 2025-01 | $585,000 | 1,456 | 99.5% |
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