The Fair Share Report
32 Weldon Rd
Matawan, NJ 07751
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 $351,512 – $439,879, 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 $372,977 home should be assessed near $365,331.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,369 above what the ratio math suggests (17.9%).
Step 4 · The tax rate — same for every Matawan home
$1.221 Schools · 59% $0.196 County · 9% $0.670 Town · 32%
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 |
|---|---|---|---|---|
| 22 OVERHILL RD | 2026-01 | $500,000 | 864 | 90.4% |
| 37 NEW BRUNSWICK AVE | 2026-02 | $450,000 | 1,075 | 92.8% |
| 75 RAVINE DR | 2025-03 | $500,000 | 1,152 | 95.7% |
| B-9 CROSS RD | 2025-02 | $275,000 | 850 | 83.2% |
| 25 NEW BRUNSWICK AVE | 2025-01 | $469,000 | 1,176 | 95.3% |
| 255 HARDING BLVD | 2026-04 | $486,000 | 996 | 94.2% |
| 23 ANNMAR DR | 2026-01 | $625,000 | 1,224 | 89.7% |
| 42 WILSON AVE | 2025-05 | $360,000 | 873 | 112.8% |
| 49A MIDDLESEX RD | 2026-04 | $455,000 | 1,499 | 102.4% |
| 8 NEW BRUNSWICK AVE | 2025-04 | $317,000 | 660 | 113.3% |
| 352 MAIN ST | 2025-04 | $567,500 | 1,305 | 91.5% |
| 33 BEECHWOOD TERR | 2025-01 | $615,000 | 1,476 | 90.7% |
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