The Fair Share Report
448 E Stokes 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.
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Step 1 · Market value
Likely range $394,030 – $521,229, 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 $417,836 home should be assessed near $236,286.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,186 below what the ratio math suggests (32.7%).
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
25%71%
Keep quiet and enjoy it
This home's assessment ratio sits below the Shamong pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 529 OAK SHADE ROAD | 2025-03 | $495,000 | 1,839 | 46.2% |
| 6 WINNIPEG COURT | 2025-09 | $520,000 | 1,848 | 42.7% |
| 450 STOKES ROAD | 2025-12 | $370,000 | 1,176 | 52.4% |
| 103 NANTICOKE TRAIL | 2025-10 | $700,000 | 2,036 | 44.8% |
| 105 MEETINGHOUSE LANE | 2026-01 | $500,000 | 1,447 | 45.6% |
| 133 MEETINGHOUSE LANE | 2025-12 | $420,000 | 1,530 | 50.3% |
| 653 MC KENDIMEN ROAD | 2026-01 | $516,000 | 1,428 | 49.3% |
| 479 ATSION ROAD | 2025-11 | $420,000 | 1,542 | 52.9% |
| 10 SPEARHEAD TRAIL | 2025-05 | $590,000 | 1,640 | 42.0% |
| 797 MC KENDIMEN ROAD | 2025-02 | $300,000 | 1,600 | 73.7% |
| 178 TUCKERTON RD | 2025-08 | $352,600 | 1,200 | 50.7% |
| 2 MUSKINGUM DRIVE | 2025-07 | $515,000 | 1,818 | 55.4% |
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