The Fair Share Report
24 Millstone Dr
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 $443,484 – $563,953, 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 $511,787 home should be assessed near $289,416.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,116 below what the ratio math suggests (8.7%).
Step 4 · The tax rate — same for every Shamong home
$2.641 Schools · 79% $0.563 County · 17% $0.119 Town · 4%
This home's own bill implies $3.228 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 55 MILLSTONE DRIVE | 2025-02 | $525,000 | 2,180 | 53.4% |
| 53 LAUREL COURT | 2025-04 | $540,000 | 2,182 | 51.5% |
| 174 TUCKERTON RD | 2025-03 | $252,000 | 1,963 | 96.5% |
| 92 GRASSY LAKE ROAD | 2025-06 | $500,000 | 2,056 | 53.9% |
| 33 MUSKINGUM DRIVE | 2025-09 | $495,000 | 1,941 | 55.1% |
| 321 OAK SHADE ROAD | 2025-10 | $300,000 | 2,000 | 77.6% |
| 86 THREE BRIDGE ROAD | 2025-03 | $462,000 | 2,110 | 46.5% |
| 106 HOLLY DRIVE | 2025-04 | $525,000 | 2,088 | 50.0% |
| 6 WINNIPEG COURT | 2025-09 | $520,000 | 1,848 | 42.7% |
| 2 MUSKINGUM DRIVE | 2025-07 | $515,000 | 1,818 | 55.4% |
| 24 MUSKINGUM DRIVE | 2026-01 | $650,000 | 2,414 | 44.7% |
| 24 MUSKINGUM DRIVE | 2025-05 | $482,500 | 2,414 | 60.3% |
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