The Fair Share Report
105 Second Ave
Cape May, NJ 08052
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 $2,923,201 – $4,194,944, from 12 comparable Cape May 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 Cape May assessments sit below market value — republished every October, applied town-wide. A $3,437,337 home should be assessed near $1,747,198.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $166,798 below what the ratio math suggests (9.5%).
Step 4 · The tax rate — same for every Cape May home
$0.347 Schools · 32% $0.384 County · 35% $0.361 Town · 33%
Step 5 · The bill
This home vs. every recent Cape May sale · assessed ÷ market
30%64%
Paying about right
This home's ratio lands inside Cape May'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 |
|---|---|---|---|---|
| 1608 MARYLAND AVE | 2025-04 | $2,110,000 | 3,401 | 74.0% |
| 44 HARBOR COVE | 2026-02 | $2,850,000 | 3,412 | 59.8% |
| 1524B YACHT AVE | 2025-11 | $2,335,428 | 3,231 | 51.8% |
| 125 ROSEMANS LANE | 2025-05 | $2,250,000 | 3,828 | 37.3% |
| 1413 NEW JERSEY AVE | 2025-03 | $3,900,000 | 3,765 | 52.6% |
| 1047 VIRGINIA AVE | 2025-01 | $2,950,000 | 2,732 | 46.8% |
| 209 PITTSBURGH AVE | 2025-12 | $2,000,000 | 2,604 | 54.0% |
| 1257 CAPE MAY AVE | 2026-01 | $2,300,000 | 3,042 | 35.8% |
| 1320 CAPE MAY AVE | 2025-02 | $2,600,000 | 2,810 | 44.0% |
| 1842 MARYLAND AVE | 2025-10 | $1,850,000 | 3,007 | 54.5% |
| 645 HUGHES ST | 2026-06 | $2,900,000 | 2,837 | 39.8% |
| 35 FIRST AVE | 2025-10 | $2,350,000 | 2,922 | 35.9% |
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