The Fair Share Report

1306 Maple Ave

Ocean, NJ 07712

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.

Step 1 · Market value

≈ $832,609

Likely range $716,515 – $920,652, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

94.25%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $832,609 home should be assessed near $784,734.

Step 3 · Assessed value

$777,200

Set at the last town-wide revaluation and mostly frozen since. That's $7,534 below what the ratio math suggests (1.0%).

Step 4 · The tax rate — same for every Ocean home

$1.319 per $100 assessed

$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%

This home's own bill implies $1.241 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,646/yr
Public schools$5,853
Monmouth County$1,637
Town of Ocean$2,156
Ocean average$12,291

This home vs. every recent Ocean sale · assessed ÷ market

Town median 95.5%
This home · 93.3%

72%114%

Paying about right

This home's ratio lands inside Ocean's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
38 ENCLAVE WAY2026-03$1,100,0001,97878.6%
95 CEDAR VILLAGE BLVD2025-05$820,0001,85792.5%
1 BLUE HERON DRIVE2025-02$975,0001,95678.0%
34 BOXWOOD DR2025-03$820,0001,88995.6%
37 SEQUOIA PKWY2026-01$791,0001,83988.0%
11 ROLLING MEADOWS BLVD S2026-02$815,0002,28868.9%
7 CENTRE ST UNIT 33052026-02$615,0001,83298.4%
21 BENN LN2026-04$820,0001,85788.9%
99 BARBERRY DR2026-04$834,9002,16891.4%
16 ROLLING MEADOWS BLVD S2026-02$865,0002,28889.0%
250 ROLLING MEADOWS BLVDN2026-06$865,0002,44071.0%
13 DOGWOOD DR2025-03$812,5752,252103.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →