The Fair Share Report
40 Weldon 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 1 · Market value
Likely range $690,723 – $857,824, 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 $762,495 home should be assessed near $746,864.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,664 below what the ratio math suggests (2.8%).
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 $2.009 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Matawan sale · assessed ÷ market
78%111%
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 |
|---|---|---|---|---|
| 7 TAYLOR RD | 2025-01 | $599,900 | 1,688 | 99.0% |
| 37 POET DR | 2026-06 | $765,000 | 2,138 | 96.1% |
| 10 CHESTNUT DR | 2026-03 | $665,000 | 1,722 | 89.1% |
| 49A MIDDLESEX RD | 2026-04 | $455,000 | 1,499 | 102.4% |
| 7 CHESTNUT DR | 2025-04 | $630,000 | 1,722 | 95.7% |
| 1 MIRIAM DR | 2025-06 | $575,000 | 1,629 | 89.2% |
| 208 BROAD ST | 2025-02 | $740,000 | 2,520 | 99.5% |
| 8 SUTPHIN AVE | 2026-03 | $617,500 | 1,565 | 89.9% |
| 810 HIGHWAY 34 | 2025-06 | $485,000 | 1,528 | 89.0% |
| 50 BROAD ST | 2025-04 | $629,900 | 1,908 | 99.1% |
| 14 SUNSET AVE | 2025-04 | $812,000 | 1,828 | 79.0% |
| 3 EDGEMERE DR | 2025-02 | $750,000 | 1,862 | 85.5% |
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