The Fair Share Report
12 Third St
Barnegat, NJ 08005
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Barnegat's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $455,510 – $568,650, from 12 comparable Barnegat 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 Barnegat assessments sit below market value — republished every October, applied town-wide. A $484,676 home should be assessed near $267,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,504 above what the ratio math suggests (1.7%).
Step 4 · The tax rate — same for every Barnegat home
$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%
Step 5 · The bill
This home vs. every recent Barnegat sale · assessed ÷ market
35%69%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 101 ROBIN LA | 2025-03 | $430,000 | 1,752 | 50.1% |
| 86 QUAIL RD | 2025-06 | $400,000 | 1,685 | 51.1% |
| 401-19A BAY SHORE DR | 2026-05 | $651,000 | 1,728 | 47.7% |
| 401-7A BAY SHORE DR | 2025-08 | $599,000 | 1,728 | 52.0% |
| 401-9A BAY SHORE DR | 2025-05 | $630,000 | 1,728 | 49.5% |
| 167 SANDPIPER RD | 2025-05 | $390,000 | 1,563 | 49.7% |
| 46 RAVENWOOD BLVD | 2025-11 | $625,000 | 2,274 | 48.5% |
| 50 HANNAH LEE RD | 2025-08 | $570,000 | 2,121 | 54.7% |
| 59 ROSE HILL RD | 2025-06 | $570,000 | 2,230 | 49.2% |
| 147 SPRUCE CIR N | 2025-07 | $585,000 | 2,275 | 46.8% |
| 41 DECK ST | 2025-12 | $450,000 | 1,726 | 45.2% |
| 13 PERIWINKLE DR | 2025-04 | $450,000 | 1,824 | 67.3% |
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