The Fair Share Report
1113 Berkeley 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.
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Step 1 · Market value
Likely range $722,283 – $1,102,330, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $947,703 home should be assessed near $893,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $299,910 below what the ratio math suggests (33.6%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
48%110%
Keep quiet and enjoy it
This home's assessment ratio sits below the Ocean pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 446 ROOSEVELT AVE | 2025-01 | $960,000 | 1,248 | 92.8% |
| 1306 WOODLOCK AVE | 2025-05 | $785,000 | 1,584 | 85.3% |
| 14 BROWN PL | 2025-02 | $870,000 | 1,252 | 94.7% |
| 166 CHATHAM AVE | 2025-01 | $836,000 | 1,526 | 99.7% |
| 709 S EDGEMERE DR | 2026-03 | $1,370,000 | 1,504 | 70.6% |
| 510 BLANCHARD PKWY | 2026-04 | $1,600,000 | 1,739 | 67.5% |
| 1107 BERKELEY AVE | 2025-02 | $652,000 | 1,584 | 99.7% |
| 1307 CAMP AVE | 2025-06 | $975,000 | 1,437 | 73.7% |
| 1313 LAUREL AVE | 2025-05 | $545,000 | 1,503 | 105.9% |
| 1405 WANAMASSA RD | 2026-05 | $855,000 | 1,614 | 80.9% |
| 152 AMPERE AVE | 2025-01 | $850,000 | 1,492 | 100.0% |
| 1904 WAVERLY ST | 2026-06 | $885,000 | 1,436 | 76.8% |
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