The Fair Share Report
232 Shell Rd
Commercial, NJ 08332
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 $127,483 – $194,155, from 12 comparable Commercial 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 Commercial assessments sit below market value — republished every October, applied town-wide. A $165,699 home should be assessed near $133,437.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,037 below what the ratio math suggests (33.8%).
Step 4 · The tax rate — same for every Commercial home
$0.905 Schools · 33% $1.146 County · 42% $0.704 Town · 26%
Step 5 · The bill
This home vs. every recent Commercial sale · assessed ÷ market
40%145%
Paying about right
This home's ratio lands inside Commercial'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 |
|---|---|---|---|---|
| 7414 BATTLE LANE | 2025-10 | $265,000 | 1,128 | 48.9% |
| 7178 KERON DRIVE | 2026-03 | $170,000 | 980 | 61.9% |
| 1511 NORTH AVE | 2025-07 | $190,000 | 1,251 | 59.6% |
| 1561 NORTH AVE | 2025-09 | $170,000 | 1,092 | 51.1% |
| 340 ROBIN RD | 2025-12 | $85,000 | 1,325 | 128.8% |
| 968 STEEP RUN RD | 2025-06 | $145,000 | 1,180 | 75.9% |
| 7241 KERON DR | 2026-05 | $275,000 | 1,214 | 59.5% |
| 7305 SAMUEL DRIVE | 2025-04 | $110,000 | 1,064 | 90.4% |
| 6117 QUAIL DRIVE | 2025-06 | $119,900 | 972 | 89.7% |
| 7811 DAVID PLACE | 2026-04 | $180,000 | 1,210 | 51.9% |
| 416 LARK ROAD | 2025-10 | $235,000 | 1,152 | 49.5% |
| 434 BEGONIA ROAD | 2025-11 | $189,000 | 1,116 | 29.1% |
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