The Fair Share Report
18 Mill Rd
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.
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Step 1 · Market value
Likely range $587,774 – $716,625, from 12 comparable Shamong sales in the past 18 months, at this home's 2,548 sq ft.
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 $679,944 home should be assessed near $384,508.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $81,508 below what the ratio math suggests (21.2%).
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 |
|---|---|---|---|---|
| 19 COBBLESTONE LANE | 2025-06 | $645,000 | 2,332 | 53.5% |
| 5 MEADOWBROOK DRIVE | 2025-08 | $600,000 | 2,601 | 52.3% |
| 664 MC KENDIMEN ROAD | 2025-11 | $480,000 | 2,560 | 50.0% |
| 4 MEADOWBROOK DRIVE | 2025-07 | $825,000 | 2,894 | 42.7% |
| 3 COLEBRICK COURT | 2025-04 | $920,000 | 2,541 | 46.9% |
| 8 SILVER LAKE DRIVE | 2025-10 | $738,000 | 2,715 | 48.3% |
| 3 MILLS BROOK LANE | 2025-07 | $665,000 | 2,451 | 58.5% |
| 1 PRINCETON DRIVE | 2025-03 | $669,000 | 2,629 | 56.8% |
| 119 WINCHESTER WAY | 2025-02 | $665,000 | 2,816 | 60.0% |
| 46 GRASSY LAKE ROAD | 2025-07 | $530,000 | 2,427 | 47.4% |
| 54 MEADOWVIEW COURT | 2025-09 | $685,000 | 2,691 | 53.4% |
| 47 MILLSTONE DRIVE | 2025-07 | $735,000 | 2,602 | 44.6% |
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