The Fair Share Report
119 Fourth 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 $227,281 – $278,279, 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 $256,758 home should be assessed near $188,229.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,529 below what the ratio math suggests (30.0%).
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
42%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 |
|---|---|---|---|---|
| 131 NORTH AVE | 2025-04 | $207,000 | 949 | 55.3% |
| 127 THIRD AVE | 2025-12 | $210,000 | 768 | 54.5% |
| 130 SIXTH AVE | 2025-05 | $245,000 | 896 | 64.2% |
| 12 HAZEL AVE | 2026-01 | $290,000 | 1,140 | 55.5% |
| 41 CIRCLE AVE | 2025-08 | $275,000 | 906 | 56.7% |
| 134 FIRST AVE | 2026-01 | $230,000 | 739 | 56.6% |
| 143 EIGHTH AVE | 2025-10 | $239,999 | 770 | 57.8% |
| 125 TWELFTH AVE | 2026-05 | $185,000 | 974 | 69.6% |
| 107 SEVENTH AVE | 2025-08 | $260,000 | 909 | 62.5% |
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 127 SECOND AVE | 2025-05 | $233,000 | 796 | 54.2% |
| 105 W HOLLY AVE | 2025-12 | $265,000 | 918 | 56.6% |
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