The Fair Share Report
115 Atlantic Ave
Ocean, NJ 08758
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 $800,676 – $932,948, 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 $897,249 home should be assessed near $829,686.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $209,314 above what the ratio math suggests (25.2%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%135%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $3,303/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 222 WELLS MILLS ROAD | 2026-06 | $875,000 | 3,363 | 89.0% |
| 35 HORNBLOWER DRIVE | 2025-04 | $994,500 | 3,234 | 80.8% |
| 7 BRIELLE CT | 2025-10 | $840,000 | 3,081 | 85.5% |
| 33 BAYVILLE WAY | 2025-10 | $720,000 | 3,068 | 84.8% |
| 109 SPRING LAKE BLVD | 2025-11 | $739,000 | 3,247 | 87.5% |
| 36 PANCOAST RD | 2025-05 | $695,000 | 3,260 | 98.0% |
| 8 FAIR HAVEN WAY | 2026-06 | $744,500 | 3,068 | 87.9% |
| 10 HARVEY CEDAR WAY | 2026-06 | $775,000 | 3,081 | 83.5% |
| 14 HARVEY CEDAR WAY | 2025-10 | $779,000 | 3,081 | 83.0% |
| 9 MARGATE WAY | 2026-05 | $782,000 | 3,068 | 79.3% |
| 34 AVALON WAY | 2025-11 | $630,000 | 3,068 | 91.7% |
| 158 BRIGANTINE BLVD | 2026-06 | $700,000 | 3,068 | 89.8% |
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