The Fair Share Report
124 W 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 $336,071 – $370,989, from 12 comparable Pitman sales in the past 18 months, at this home's 1,477 sq ft.
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 $350,895 home should be assessed near $257,241.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,741 below what the ratio math suggests (17.4%).
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
50%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 |
|---|---|---|---|---|
| 215 BOULEVARD AVE | 2026-05 | $350,000 | 1,436 | 58.5% |
| 223 EAST AVE | 2025-04 | $310,500 | 1,470 | 56.9% |
| 43 HIGHLAND TER | 2025-09 | $314,000 | 1,380 | 56.3% |
| 116 WEST AVE | 2026-06 | $325,000 | 1,368 | 62.3% |
| 117 FOURTH AVE | 2026-01 | $200,000 | 1,360 | 84.1% |
| 231 WEST AVE | 2025-06 | $315,000 | 1,286 | 71.7% |
| 61 WEST AVE | 2025-06 | $225,000 | 1,764 | 76.7% |
| 174 NORTH AVE | 2025-06 | $312,000 | 1,240 | 55.8% |
| 51 SIMPSON AVE | 2025-06 | $309,000 | 1,338 | 74.0% |
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 21 EAST AVE | 2025-11 | $285,900 | 1,223 | 56.1% |
| 189 EAST AVE | 2026-05 | $257,500 | 1,116 | 63.8% |
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