The Fair Share Report
8 Flagstone Dr
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 $407,687 – $498,587, 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 $474,040 home should be assessed near $268,070.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,970 below what the ratio math suggests (24.6%).
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
35%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 |
|---|---|---|---|---|
| 9 BROTHERTON ROAD | 2025-12 | $485,000 | 1,660 | 40.7% |
| 781 MC KENDIMEN ROAD | 2025-08 | $455,500 | 1,860 | 48.9% |
| 15 WICKLOW DRIVE | 2025-06 | $430,000 | 1,816 | 49.3% |
| 9 IRONWOOD DRIVE | 2025-04 | $495,000 | 1,928 | 45.0% |
| 6 WINNIPEG COURT | 2025-09 | $520,000 | 1,848 | 42.7% |
| 797 MC KENDIMEN ROAD | 2025-02 | $300,000 | 1,600 | 73.7% |
| 25 PACKENAH TRAIL | 2026-01 | $524,300 | 1,926 | 53.7% |
| 10 SPEARHEAD TRAIL | 2025-05 | $590,000 | 1,640 | 42.0% |
| 321 OAK SHADE ROAD | 2025-10 | $300,000 | 2,000 | 77.6% |
| 133 MEETINGHOUSE LANE | 2025-12 | $420,000 | 1,530 | 50.3% |
| 86 THREE BRIDGE ROAD | 2025-03 | $462,000 | 2,110 | 46.5% |
| 18 MANITOBA TRAIL | 2025-11 | $470,000 | 1,745 | 42.4% |
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