The Fair Share Report
1007 E Ave
Mantoloking, NJ 07078
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 $6,464,401 – $9,892,170, from 12 comparable Mantoloking sales in the past 18 months, at this home's 4,801 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mantoloking assessments sit below market value — republished every October, applied town-wide. A $8,148,066 home should be assessed near $4,801,655.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,924,845 above what the ratio math suggests (40.1%).
Step 4 · The tax rate — same for every Mantoloking home
$0.016 Schools · 2% $0.578 County · 63% $0.318 Town · 35%
Step 5 · The bill
This home vs. every recent Mantoloking sale · assessed ÷ market
32%110%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (67.77%) — roughly $17,535/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1401 OCEAN AVENUE | 2025-09 | $6,900,000 | 4,779 | 60.0% |
| 955 LAGOON LANE | 2026-01 | $13,000,000 | 6,908 | 38.0% |
| 1437 OCEAN AVENUE | 2026-06 | $10,500,000 | 5,096 | 45.9% |
| 954 BARNEGAT LANE | 2025-12 | $5,300,000 | 4,400 | 60.9% |
| 1055 OCEAN AVENUE | 2025-11 | $12,138,090 | 7,152 | 46.9% |
| 921 LAGOON LANE | 2025-09 | $6,625,000 | 3,122 | 44.1% |
| 1066 BARNEGAT LANE | 2026-04 | $10,750,000 | 6,889 | 40.0% |
| 1318 OCEAN AVENUE | 2025-12 | $2,575,000 | 3,371 | 56.3% |
| 1559 OCEAN AVENUE | 2025-11 | $6,750,000 | 3,483 | 62.7% |
| 1525 OCEAN AVENUE | 2025-06 | $7,000,000 | 3,272 | 63.3% |
| 982 BARNEGAT LANE | 2026-02 | $7,850,000 | 3,623 | 34.4% |
| 1123 BARNEGAT LANE | 2025-09 | $4,100,000 | 3,045 | 54.5% |
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