The Fair Share Report
56 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 $555,003 – $824,056, 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 $715,987 home should be assessed near $404,891.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,391 below what the ratio math suggests (7.3%).
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%73%
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 |
|---|---|---|---|---|
| 24 CRESTED BUTTE COURT | 2025-07 | $1,101,000 | 3,129 | 46.2% |
| 236 INDIAN MILLS RD | 2025-07 | $689,900 | 2,632 | 54.5% |
| 22 WESICKAMAN DRIVE | 2025-08 | $830,000 | 2,728 | 50.9% |
| 283 FORKED NECK ROAD | 2025-09 | $765,000 | 3,644 | 69.6% |
| 6 WINNIPEG COURT | 2025-09 | $520,000 | 1,848 | 42.7% |
| 9 LANE OF ACRES | 2025-01 | $750,000 | 2,946 | 57.3% |
| 529 OAK SHADE ROAD | 2025-03 | $495,000 | 1,839 | 46.2% |
| 103 NANTICOKE TRAIL | 2025-10 | $700,000 | 2,036 | 44.8% |
| 5 SHAWNEE TRAIL | 2026-03 | $485,000 | 2,236 | 58.5% |
| 6 STOWE DRIVE | 2025-05 | $977,790 | 2,770 | 39.7% |
| 1400 OLD INDIAN MILLS RD | 2025-05 | $911,000 | 3,867 | 40.9% |
| 108 WINCHESTER WAY | 2025-01 | $707,000 | 2,347 | 47.3% |
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