The Fair Share Report
21 Mill Rd
Matawan, NJ 07747
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 $678,563 – $942,364, 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 $855,344 home should be assessed near $837,809.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,909 below what the ratio math suggests (0.3%).
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 $1.966 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%128%
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 |
|---|---|---|---|---|
| 3 ELIZABETH DR | 2025-02 | $665,000 | 2,478 | 101.9% |
| 10 SOMERSET PL | 2026-01 | $845,000 | 2,614 | 85.9% |
| 55 SAPPHIRE LN | 2025-04 | $720,000 | 2,936 | 100.8% |
| 13 SUNSET AVE | 2025-04 | $850,000 | 2,400 | 99.5% |
| 19 SOMERSET PL | 2025-03 | $640,000 | 2,214 | 101.2% |
| 1 SARAH CT | 2025-01 | $999,000 | 3,090 | 99.8% |
| 208 BROAD ST | 2025-02 | $740,000 | 2,520 | 99.5% |
| 37 POET DR | 2026-06 | $765,000 | 2,138 | 96.1% |
| 74 RAVINE DR | 2025-06 | $875,000 | 3,223 | 92.3% |
| 292 MAIN ST | 2025-05 | $711,000 | 2,821 | 100.3% |
| 50 BROAD ST | 2025-04 | $629,900 | 1,908 | 99.1% |
| 18 OAK KNOLL DR | 2026-01 | $620,000 | 1,770 | 91.2% |
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