The Fair Share Report
120 E 20th St
Ship Bottom, NJ 08087
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 $1,090,353 – $1,214,987, from 12 comparable Ship Bottom 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 Ship Bottom assessments sit below market value — republished every October, applied town-wide. A $1,117,010 home should be assessed near $593,021.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $254,479 above what the ratio math suggests (42.9%).
Step 4 · The tax rate — same for every Ship Bottom home
$0.249 Schools · 20% $0.567 County · 46% $0.425 Town · 34%
Step 5 · The bill
This home vs. every recent Ship Bottom sale · assessed ÷ market
32%83%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.05%) — roughly $3,158/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 328 W 6TH ST | 2026-02 | $1,400,000 | 1,152 | 41.0% |
| 216 W 5TH ST | 2025-08 | $1,225,000 | 1,224 | 37.4% |
| 354 W 11TH ST | 2025-07 | $1,100,000 | 1,284 | 31.8% |
| 1001 OCEAN 1ST FLR #C1017 | 2026-02 | $1,175,000 | 1,239 | 50.9% |
| 1001 OCEAN 1ST FLR #C1001 | 2026-05 | $1,300,000 | 1,268 | 45.5% |
| 901 OCEAN 1ST FLR #C0914 | 2025-01 | $1,200,000 | 1,268 | 49.5% |
| 1001 OCEAN 1ST FLR #C1012 | 2025-12 | $999,999 | 1,063 | 50.5% |
| 901 OCEAN 2ND FLR #C0926 | 2025-05 | $950,000 | 1,063 | 58.3% |
| 105 W 27TH ST | 2025-02 | $1,350,000 | 1,408 | 34.1% |
| 369 W 10TH ST | 2025-11 | $1,776,000 | 1,200 | 38.2% |
| 901 OCEAN 3RD FLR #C0906 | 2025-10 | $1,555,000 | 1,635 | 51.9% |
| 209 W 28TH ST | 2025-09 | $1,350,000 | 1,320 | 43.2% |
Is this your house?
Run your own report →