The Fair Share Report
114 Third 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 $293,486 – $361,821, 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 $338,067 home should be assessed near $247,837.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,337 below what the ratio math suggests (23.9%).
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
47%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 |
|---|---|---|---|---|
| 42 FOURTH AVE | 2025-05 | $299,999 | 1,458 | 68.4% |
| 121 ELEVENTH AVE | 2025-12 | $295,000 | 1,128 | 66.8% |
| 117 FOURTH AVE | 2026-01 | $200,000 | 1,360 | 84.1% |
| 223 EAST AVE | 2025-04 | $310,500 | 1,470 | 56.9% |
| 107 ELM AVE | 2025-08 | $376,500 | 1,420 | 63.9% |
| 215 BOULEVARD AVE | 2026-05 | $350,000 | 1,436 | 58.5% |
| 620 VASSAR AVE | 2025-04 | $352,000 | 1,274 | 69.1% |
| 445 LOCUST AVE UNIT 5102 | 2025-09 | $257,500 | 1,161 | 48.5% |
| 43 HIGHLAND TER | 2025-09 | $314,000 | 1,380 | 56.3% |
| 321 WEST AVE | 2026-02 | $320,000 | 1,274 | 60.0% |
| 116 WEST AVE | 2026-06 | $325,000 | 1,368 | 62.3% |
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
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