The Fair Share Report
121 Walnut 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 $302,538 – $453,782, 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 $387,970 home should be assessed near $284,421.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,921 below what the ratio math suggests (13.0%).
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
49%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 |
|---|---|---|---|---|
| 130 WALNUT AVE | 2025-02 | $270,000 | 1,881 | 113.9% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 35 SIMPSON AVE | 2025-06 | $325,000 | 1,776 | 65.1% |
| 508 HUDSON AVE | 2026-03 | $389,900 | 1,634 | 58.8% |
| 165 ESPLANADE AVE | 2025-03 | $310,000 | 1,672 | 68.5% |
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
| 604 MCKINLEY AVE | 2025-12 | $440,000 | 1,664 | 67.0% |
| 128 OAKCREST AVE | 2025-11 | $410,000 | 1,711 | 62.5% |
| 18 SENECA AVE | 2025-04 | $485,000 | 1,786 | 58.7% |
| 412 ALCYON BLVD | 2026-04 | $375,000 | 1,648 | 65.5% |
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 135 COLONIAL AVE | 2025-10 | $425,000 | 1,862 | 54.3% |
Is this your house?
Run your own report →