The Fair Share Report
1102 Raymere Ave
Ocean, NJ 07712
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 $564,320 – $721,082, from 12 comparable Ocean sales in the past 18 months, at this home's 1,116 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $620,000 home should be assessed near $584,350.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,450 above what the ratio math suggests (5.0%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.248 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
72%114%
Paying about right
This home's ratio lands inside Ocean'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 |
|---|---|---|---|---|
| 4 KELEIGH PL | 2026-05 | $640,000 | 1,115 | 96.4% |
| 185 ELMWOOD RD | 2026-06 | $790,000 | 1,024 | 80.9% |
| 187 PINECREST RD | 2026-05 | $750,000 | 1,024 | 81.6% |
| 1303 LAUREL AVE | 2026-03 | $670,000 | 1,206 | 92.5% |
| 2803 SUNSET AVE | 2025-05 | $520,000 | 1,152 | 99.8% |
| 1305 BIRCH AVE | 2025-05 | $635,000 | 1,357 | 98.0% |
| 424 REDMOND AVE | 2025-04 | $625,000 | 1,236 | 98.1% |
| 185 PINECREST RD | 2026-05 | $730,000 | 1,372 | 89.8% |
| 443 HARNELL AVE | 2025-01 | $565,000 | 992 | 118.7% |
| 1413 CAMP AVE | 2026-02 | $520,000 | 1,152 | 104.7% |
| 142 MONMOUTH RD | 2026-03 | $865,000 | 1,292 | 70.5% |
| 409 WELLS AVE | 2026-03 | $840,000 | 1,373 | 95.1% |
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