The Fair Share Report

1 Mark Pl

Ocean, NJ 07712

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

≈ $1,023,435

Likely range $846,531 – $1,242,524, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

94.25%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $1,023,435 home should be assessed near $964,587.

Step 3 · Assessed value

$1,190,900

Set at the last town-wide revaluation and mostly frozen since. That's $226,313 above what the ratio math suggests (23.5%).

Step 4 · The tax rate — same for every Ocean home

$1.319 per $100 assessed

$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%

This home's own bill implies $1.251 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,895/yr

Public schools$9,038

Monmouth County$2,528

Town of Ocean$3,329

Ocean average$12,291

This home vs. every recent Ocean sale · assessed ÷ market

Town median 95.5%

Appeal line 100.00%

This home · 116.4%

72%146%

Paying about right

This home's ratio lands inside Ocean'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
11 STANDISH DR	2026-05	$1,237,500	2,978	90.0%
31 CEDAR VILLAGE BLVD	2025-06	$875,000	2,648	100.0%
21 DUNE RD	2025-01	$1,137,500	2,694	98.3%
24 OXFORD DR	2026-01	$1,300,000	3,234	88.2%
6 LOTUS CT	2026-03	$955,000	2,689	98.2%
29 ASCOT DR	2026-05	$900,000	2,908	101.0%
2 PELICAN CT	2026-01	$1,335,000	2,821	90.5%
3 PELICAN CT	2025-05	$1,235,000	2,815	86.3%
8 HIGH RIDGE RD	2025-02	$860,000	2,942	100.7%
10 OAK TREE LN	2026-02	$855,000	3,069	96.5%
130 WOOLLEY COURT	2026-04	$850,000	2,875	96.9%
139 WOOLLEY COURT	2025-04	$880,000	2,875	100.4%

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