The Fair Share Report
17 Millstone Dr E
Shamong, NJ 08088
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 $565,339 – $718,365, 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 $637,399 home should be assessed near $360,449.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,449 below what the ratio math suggests (9.8%).
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%
Paying about right
This home's ratio lands inside Shamong'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 |
|---|---|---|---|---|
| 4 MILL ROAD | 2025-08 | $470,000 | 2,448 | 76.0% |
| 24 MUSKINGUM DRIVE | 2026-01 | $650,000 | 2,414 | 44.7% |
| 24 MUSKINGUM DRIVE | 2025-05 | $482,500 | 2,414 | 60.3% |
| 26 TUCKERTON ROAD | 2026-04 | $610,000 | 2,550 | 51.6% |
| 126 WHARTON COURT | 2025-06 | $737,500 | 2,592 | 47.6% |
| 3 MILLS BROOK LANE | 2025-07 | $665,000 | 2,451 | 58.5% |
| 1 PRINCETON DRIVE | 2025-03 | $669,000 | 2,629 | 56.8% |
| 47 MILLSTONE DRIVE | 2025-07 | $735,000 | 2,602 | 44.6% |
| 54 MEADOWVIEW COURT | 2025-09 | $685,000 | 2,691 | 53.4% |
| 3 COLEBRICK COURT | 2025-04 | $920,000 | 2,541 | 46.9% |
| 6 BRADFORD DRIVE | 2025-09 | $645,000 | 2,808 | 56.5% |
| 53 MEETINGHOUSE COURT | 2025-04 | $640,000 | 2,806 | 56.6% |
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