The Fair Share Report
352 Forked Neck Rd
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 $435,361 – $511,807, 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 $491,425 home should be assessed near $277,901.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,299 above what the ratio math suggests (23.1%).
Step 4 · The tax rate — same for every Shamong home
$2.641 Schools · 79% $0.563 County · 17% $0.119 Town · 4%
Step 5 · The bill
This home vs. every recent Shamong sale · assessed ÷ market
37%84%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (65.03%) — roughly $2,136/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 WINNIPEG COURT | 2025-09 | $520,000 | 1,848 | 42.7% |
| 529 OAK SHADE ROAD | 2025-03 | $495,000 | 1,839 | 46.2% |
| 15 WICKLOW DRIVE | 2025-06 | $430,000 | 1,816 | 49.3% |
| 18 MANITOBA TRAIL | 2025-11 | $470,000 | 1,745 | 42.4% |
| 2 MUSKINGUM DRIVE | 2025-07 | $515,000 | 1,818 | 55.4% |
| 781 MC KENDIMEN ROAD | 2025-08 | $455,500 | 1,860 | 48.9% |
| 9 IRONWOOD DRIVE | 2025-04 | $495,000 | 1,928 | 45.0% |
| 10 SPEARHEAD TRAIL | 2025-05 | $590,000 | 1,640 | 42.0% |
| 25 PACKENAH TRAIL | 2026-01 | $524,300 | 1,926 | 53.7% |
| 174 TUCKERTON RD | 2025-03 | $252,000 | 1,963 | 96.5% |
| 25 MILL ROAD | 2025-06 | $530,000 | 1,951 | 46.0% |
| 9 BROTHERTON ROAD | 2025-12 | $485,000 | 1,660 | 40.7% |
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