The Fair Share Report
131 Cedar 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 $317,975 – $344,491, 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 $336,496 home should be assessed near $246,685.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,385 below what the ratio math suggests (15.2%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
This home's own bill implies $3.477 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 40 BELLEVUE AVE | 2025-02 | $335,000 | 1,344 | 70.8% |
| 502 BOULEVARD AVE | 2025-05 | $315,000 | 1,328 | 65.0% |
| 307 GRANT AVE | 2025-03 | $315,000 | 1,325 | 64.5% |
| 147 S WOODBURY RD | 2025-06 | $375,000 | 1,320 | 65.7% |
| 429 ROOSEVELT AVE | 2025-06 | $340,000 | 1,418 | 59.6% |
| 32 BELLEVUE AVE | 2025-04 | $325,000 | 1,459 | 68.2% |
| 19 LAUREL AVE | 2025-06 | $337,000 | 1,326 | 56.3% |
| 321 WEST AVE | 2026-02 | $320,000 | 1,274 | 60.0% |
| 518 WESLEY AVE | 2025-12 | $300,000 | 1,262 | 58.9% |
| 106 MCCLELLAND AVE | 2025-12 | $360,000 | 1,416 | 65.8% |
| 21 N FERNWOOD AVE | 2025-08 | $359,000 | 1,221 | 68.0% |
| 307 WILDWOOD AVE | 2025-03 | $360,000 | 1,497 | 68.1% |
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