The Fair Share Report
108 Colonial Ave
Pitman, NJ 08071
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 $481,058 – $629,837, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $506,007 home should be assessed near $370,954.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,754 below what the ratio math suggests (3.2%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
50%90%
Paying about right
This home's ratio lands inside Pitman'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 |
|---|---|---|---|---|
| 448 LAKE AVE | 2025-11 | $499,750 | 2,589 | 65.1% |
| 319 COLUMBIA AVE | 2025-06 | $494,000 | 2,118 | 61.3% |
| 534 WAYNE AVE | 2025-11 | $412,500 | 2,052 | 64.8% |
| 503 HUDSON AVE | 2025-02 | $436,000 | 2,134 | 68.2% |
| 129 MAGNOLIA AVE | 2025-07 | $375,000 | 1,960 | 70.7% |
| 300 POPLAR AVE | 2025-07 | $465,000 | 2,404 | 71.5% |
| 300 POPLAR AVE | 2025-03 | $380,000 | 2,404 | 87.5% |
| 110 MONTGOMERY AVE | 2025-09 | $400,000 | 2,502 | 66.1% |
| 407 N BROADWAY | 2025-08 | $420,000 | 2,885 | 63.4% |
| 103 N BRENTWOOD AVE | 2026-03 | $540,000 | 2,235 | 55.1% |
| 612 HOWARD AVE | 2025-07 | $500,000 | 2,435 | 71.9% |
| 165 ESPLANADE AVE | 2025-03 | $310,000 | 1,672 | 68.5% |
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