The Fair Share Report
106 E 3rd St
Ship Bottom, NJ 07928
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 $1,067,361 – $1,626,136, from 12 comparable Ship Bottom sales in the past 18 months, at this home's 1,696 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ship Bottom assessments sit below market value — republished every October, applied town-wide. A $1,279,222 home should be assessed near $679,139.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,161 above what the ratio math suggests (7.2%).
Step 4 · The tax rate — same for every Ship Bottom home
$0.249 Schools · 20% $0.567 County · 46% $0.425 Town · 34%
Step 5 · The bill
This home vs. every recent Ship Bottom sale · assessed ÷ market
32%74%
Paying about right
This home's ratio lands inside Ship Bottom'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 |
|---|---|---|---|---|
| 250 W 18TH ST | 2025-02 | $1,301,850 | 1,726 | 41.1% |
| 901 OCEAN 3RD FLR #C0906 | 2025-10 | $1,555,000 | 1,635 | 51.9% |
| 105 W 27TH ST | 2025-02 | $1,350,000 | 1,408 | 34.1% |
| 358 W 6TH ST | 2025-07 | $1,215,000 | 1,768 | 43.9% |
| 126 E 13TH ST | 2025-07 | $2,350,000 | 1,920 | 44.1% |
| 276 W 13TH ST | 2025-03 | $1,140,000 | 2,016 | 48.6% |
| 1001 OCEAN 1ST FLR #C1001 | 2026-05 | $1,300,000 | 1,268 | 45.5% |
| 901 OCEAN 1ST FLR #C0914 | 2025-01 | $1,200,000 | 1,268 | 49.5% |
| 357 W 10TH ST | 2025-10 | $1,550,000 | 2,131 | 40.6% |
| 1001 OCEAN 1ST FLR #C1017 | 2026-02 | $1,175,000 | 1,239 | 50.9% |
| 2101 CENTRAL AVE | 2025-03 | $1,450,000 | 2,304 | 42.1% |
| 242 W 14TH ST | 2025-10 | $1,200,000 | 2,024 | 46.2% |
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