The Fair Share Report
31 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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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 $1.968 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Matawan for a fairness verdict — the town's current median assessment ratio is 95.3%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 74 RAVINE DR | 2025-06 | $875,000 | 3,223 | 92.3% |
| 292 MAIN ST | 2025-05 | $711,000 | 2,821 | 100.3% |
| 1 SARAH CT | 2025-01 | $999,000 | 3,090 | 99.8% |
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