The Fair Share Report
192 Stokes 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 $717,208 – $946,707, 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 $782,841 home should be assessed near $442,697.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,097 below what the ratio math suggests (5.7%).
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 |
|---|---|---|---|---|
| 128 WILLOW GROVE RD | 2025-07 | $949,900 | 3,160 | 48.7% |
| 2 PACKENAH TRAIL | 2026-04 | $760,000 | 3,020 | 46.4% |
| 9 LANE OF ACRES | 2025-01 | $750,000 | 2,946 | 57.3% |
| 6 STOWE DRIVE | 2025-05 | $977,790 | 2,770 | 39.7% |
| 13 STONY CREEK COURT | 2026-05 | $838,000 | 3,425 | 52.1% |
| 119 MOHAWK TRAIL | 2025-09 | $710,000 | 3,179 | 52.8% |
| 236 INDIAN MILLS RD | 2025-07 | $689,900 | 2,632 | 54.5% |
| 17 SHADOWLAKE LANE | 2025-01 | $730,000 | 3,400 | 58.8% |
| 22 WESICKAMAN DRIVE | 2025-08 | $830,000 | 2,728 | 50.9% |
| 4 MEADOWVIEW DRIVE | 2025-07 | $695,000 | 3,107 | 51.3% |
| 24 CRESTED BUTTE COURT | 2025-07 | $1,101,000 | 3,129 | 46.2% |
| 54 MEADOWVIEW COURT | 2025-09 | $685,000 | 2,691 | 53.4% |
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