The Fair Share Report
5 Shadowlake Ln
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 $609,381 – $701,174, 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 $687,669 home should be assessed near $388,877.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,177 below what the ratio math suggests (2.9%).
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%71%
Paying about right
This home's ratio lands inside Shamong'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 |
|---|---|---|---|---|
| 4 MEADOWBROOK DRIVE | 2025-07 | $825,000 | 2,894 | 42.7% |
| 15 YORKTOWN DRIVE | 2025-12 | $665,000 | 3,086 | 52.2% |
| 5 LIBERTY CIRCLE | 2026-04 | $710,000 | 3,112 | 55.8% |
| 5 MEADOWBROOK DRIVE | 2025-08 | $600,000 | 2,601 | 52.3% |
| 363 ATSION ROAD | 2026-02 | $755,000 | 3,255 | 60.8% |
| 7 SHADOWLAKE LANE | 2025-05 | $705,000 | 3,428 | 57.6% |
| 3 CANDLE COURT | 2026-01 | $725,000 | 3,446 | 50.0% |
| 664 MC KENDIMEN ROAD | 2025-11 | $480,000 | 2,560 | 50.0% |
| 132 MEETINGHOUSE LANE | 2025-12 | $380,000 | 2,932 | 63.8% |
| 4 MEADOWVIEW DRIVE | 2025-07 | $695,000 | 3,107 | 51.3% |
| 53 MEETINGHOUSE COURT | 2025-04 | $640,000 | 2,806 | 56.6% |
| 1115 ROUTE 206 | 2025-12 | $430,000 | 3,016 | 53.0% |
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