The Fair Share Report
242 Shell Rd
Commercial, NJ 08315
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 $57,128 – $135,092, 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 $84,222 home should be assessed near $67,824.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,924 below what the ratio math suggests (23.5%).
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
33%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 |
|---|---|---|---|---|
| 1857 LAKESHORE DR | 2025-10 | $60,000 | 736 | 163.7% |
| 118 ROBIN ROAD | 2026-06 | $167,500 | 700 | 61.2% |
| 6117 QUAIL DRIVE | 2025-06 | $119,900 | 972 | 89.7% |
| 538 FERN RD | 2026-06 | $112,000 | 672 | 61.1% |
| 1561 NORTH AVE | 2025-09 | $170,000 | 1,092 | 51.1% |
| 7183 SAMUEL DR | 2025-09 | $40,000 | 672 | 72.8% |
| 139 JUTE RD | 2025-05 | $145,000 | 1,016 | 72.9% |
| 6830 BROWN ST | 2026-04 | $84,000 | 988 | 135.9% |
| 7079 JAMES MOORE RD | 2025-07 | $55,000 | 672 | 108.5% |
| 7178 KERON DRIVE | 2026-03 | $170,000 | 980 | 61.9% |
| 7079 CHARLES PLACE | 2025-01 | $80,000 | 888 | 140.3% |
| 401 ROBIN RD | 2025-09 | $40,000 | 606 | 164.0% |
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