The Fair Share Report
12 Bayview Dr
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 $487,680 – $769,597, 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 $591,086 home should be assessed near $546,577.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $187,523 above what the ratio math suggests (34.3%).
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%156%
A touch high — worth watching
This home's ratio sits above most of Ocean, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 BAYVIEW DRIVE | 2025-03 | $789,900 | 2,306 | 86.2% |
| 4 LETTS LANDING ROAD | 2025-09 | $420,000 | 3,035 | 118.7% |
| 13 BAYVIEW DRIVE | 2025-05 | $600,000 | 1,954 | 99.3% |
| 95 ATLANTIC AVENUE | 2025-01 | $715,000 | 2,345 | 90.2% |
| 89 POPLAR STREET | 2025-04 | $550,000 | 2,905 | 97.0% |
| 44 BAY PARKWAY | 2025-06 | $500,000 | 2,053 | 84.4% |
| 110 MARINE ROAD | 2025-03 | $499,999 | 2,388 | 99.6% |
| 309 FIFTH STREET | 2026-04 | $370,000 | 1,956 | 81.0% |
| 83 SPRING LAKE BLVD | 2025-11 | $675,000 | 2,291 | 81.1% |
| 76 SHERIDAN STREET | 2026-04 | $995,000 | 1,945 | 76.5% |
| 109 OCEAN AVENUE | 2026-05 | $545,000 | 2,636 | 100.9% |
| 79 SPRING LAKE BLVD | 2026-05 | $600,000 | 2,673 | 98.1% |
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