The Fair Share Report
116 E Jerome Ave
Long Beach, NJ 08055
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 $4,541,191 – $5,842,074, from 12 comparable Long Beach 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 Long Beach assessments sit below market value — republished every October, applied town-wide. A $5,219,968 home should be assessed near $3,414,381.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $146,981 below what the ratio math suggests (4.3%).
Step 4 · The tax rate — same for every Long Beach home
$0.253 Schools · 28% $0.439 County · 48% $0.220 Town · 24%
Step 5 · The bill
This home vs. every recent Long Beach sale · assessed ÷ market
38%81%
Paying about right
This home's ratio lands inside Long Beach'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 |
|---|---|---|---|---|
| 3608B LONG BEACH BLVD | 2026-02 | $3,825,000 | 4,830 | 55.3% |
| 2 W CLEVELAND AVE | 2025-06 | $4,650,000 | 4,468 | 60.6% |
| 18 PANORAMA S | 2026-04 | $4,650,000 | 4,583 | 57.7% |
| 107D LONG BEACH BLVD | 2025-09 | $4,950,000 | 4,289 | 63.1% |
| 337 CRANBERRY DRIVE | 2025-12 | $4,750,000 | 4,049 | 56.0% |
| 1013B LONG BEACH BLVD | 2025-05 | $4,455,000 | 4,164 | 68.6% |
| 107 E JEANETTE AVE | 2025-08 | $5,300,000 | 4,339 | 64.9% |
| 5701 OCEAN BLVD | 2025-01 | $5,950,000 | 3,981 | 68.3% |
| 43 HOLLY DRIVE | 2026-04 | $7,700,000 | 6,357 | 56.7% |
| 41A LONG BEACH BLVD | 2025-09 | $3,150,000 | 4,147 | 60.6% |
| 156 MARINA BLVD | 2025-01 | $3,675,000 | 4,052 | 51.6% |
| 1049B LONG BEACH BLVD | 2026-05 | $3,850,000 | 4,022 | 63.5% |
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