The Fair Share Report
12 Central 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 $230,656 – $266,519, from 12 comparable Ocean sales in the past 18 months, at this home's 671 sq ft.
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 $244,000 home should be assessed near $225,627.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,427 below what the ratio math suggests (11.7%).
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%105%
Paying about right
This home's ratio lands inside Ocean'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 |
|---|---|---|---|---|
| 6 SPRUCE STREET | 2025-04 | $255,000 | 642 | 83.0% |
| 72 ADRIATIC AVENUE | 2025-10 | $250,000 | 720 | 92.2% |
| 65 LIGHTHOUSE DRIVE | 2025-01 | $242,000 | 625 | 81.2% |
| 22 MAPLE STREET | 2025-09 | $190,000 | 696 | 117.4% |
| 54 ATLANTIC AVENUE | 2026-02 | $265,000 | 748 | 73.7% |
| 56 BRYANT ROAD | 2026-03 | $355,000 | 768 | 80.3% |
| 110 FOURTH STREET | 2025-07 | $240,000 | 660 | 88.7% |
| 27 CENTRAL AVENUE | 2025-04 | $275,000 | 800 | 80.8% |
| 11 CENTRAL AVENUE | 2025-07 | $245,000 | 932 | 85.3% |
| 26 BAYBERRY DRIVE | 2025-08 | $289,000 | 888 | 75.0% |
| 18 MIZZEN WAY | 2025-03 | $340,000 | 869 | 73.3% |
| 204 SECOND STREET | 2025-09 | $363,000 | 908 | 63.3% |
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