The Fair Share Report
8 Spring St
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 $577,305 – $665,312, 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 $644,851 home should be assessed near $631,632.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,632 below what the ratio math suggests (5.8%).
Step 4 · The tax rate — same for every Matawan home
$1.221 Schools · 59% $0.196 County · 9% $0.670 Town · 32%
Step 5 · The bill
This home vs. every recent Matawan sale · assessed ÷ market
78%110%
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 |
|---|---|---|---|---|
| 50 BROAD ST | 2025-04 | $629,900 | 1,908 | 99.1% |
| 57 OAK KNOLL DR | 2025-05 | $605,000 | 1,746 | 99.6% |
| 18 OAK KNOLL DR | 2026-01 | $620,000 | 1,770 | 91.2% |
| 4 ANGELICA CT | 2026-06 | $780,000 | 1,760 | 78.9% |
| 532 SLOAN CT | 2026-02 | $445,000 | 1,575 | 91.4% |
| 421 SLOAN CT | 2025-06 | $425,000 | 1,440 | 104.0% |
| 418 SLOAN CT | 2025-02 | $457,500 | 1,440 | 96.6% |
| 208 BROAD ST | 2025-02 | $740,000 | 2,520 | 99.5% |
| 10 CHESTNUT DR | 2026-03 | $665,000 | 1,722 | 89.1% |
| 328 MAIN ST | 2025-04 | $565,000 | 1,584 | 83.3% |
| 7 CHESTNUT DR | 2025-04 | $630,000 | 1,722 | 95.7% |
| 101 BROAD ST | 2026-05 | $615,000 | 1,409 | 98.9% |
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