The Fair Share Report
129 E 31st St
Ship Bottom, NJ 08022
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 $1,245,151 – $1,731,730, from 12 comparable Ship Bottom sales in the past 18 months, at this home's 1,996 sq ft.
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 $1,451,807 home should be assessed near $770,764.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,011,036 above what the ratio math suggests (131.2%).
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%149%
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 $12,547/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 305 W 18TH ST | 2025-06 | $1,775,000 | 2,163 | 52.3% |
| 126 E 13TH ST | 2025-07 | $2,350,000 | 1,920 | 44.1% |
| 104 E 18TH ST | 2025-09 | $2,250,000 | 2,288 | 40.1% |
| 109 W 26TH ST | 2025-12 | $2,169,000 | 2,500 | 42.9% |
| 250 W 18TH ST | 2025-02 | $1,301,850 | 1,726 | 41.1% |
| 242 W 14TH ST | 2025-10 | $1,200,000 | 2,024 | 46.2% |
| 276 W 13TH ST | 2025-03 | $1,140,000 | 2,016 | 48.6% |
| 303 W 15TH ST | 2026-01 | $1,150,000 | 1,920 | 45.2% |
| 108 W 22ND ST | 2026-04 | $1,575,000 | 2,184 | 45.9% |
| 357 W 10TH ST | 2025-10 | $1,550,000 | 2,131 | 40.6% |
| 1511 BARNEGAT AVE | 2025-08 | $1,665,000 | 2,760 | 54.4% |
| 334 W 5TH ST | 2025-03 | $1,325,000 | 2,124 | 40.8% |
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