The Fair Share Report

110 Kenton 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.

Step 1 · Market value

≈ $367,214

Likely range $333,396 – $420,992, from 12 comparable Pitman sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $367,214 home should be assessed near $269,205.

Step 3 · Assessed value

$233,600

Set at the last town-wide revaluation and mostly frozen since. That's $35,605 below what the ratio math suggests (13.2%).

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

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$8,400/yr
Public schools$4,881
Gloucester County$1,360
Town of Pitman$2,159
Pitman average$8,619

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

Town median 64.2%
This home · 63.6%

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)

AddressSoldPriceSq ftRatio
622 SPRUCE AVE2026-05$335,0001,51063.5%
339 PITMAN AVE2025-07$345,0001,40467.3%
165 ESPLANADE AVE2025-03$310,0001,67268.5%
604 MCKINLEY AVE2025-12$440,0001,66467.0%
32 LINDEN AVE2025-11$315,0001,38275.4%
28 S BRENTWOOD AVE2025-08$430,0001,59254.3%
420 TUOHY AVE2025-11$430,0001,60456.3%
510 GRANDVIEW AVE2026-06$375,0001,36554.2%
307 WILDWOOD AVE2025-03$360,0001,49768.1%
16 ADAMS AVE2026-05$430,0001,33464.3%
16 ADAMS AVE2025-05$365,0001,33475.7%
340 LEXINGTON AVE2025-03$240,0001,390125.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →