The Fair Share Report
14 Ithaca Ave
Oceanport, NJ 08758
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 $439,261 – $673,347, from 12 comparable Oceanport 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 Oceanport assessments sit below market value — republished every October, applied town-wide. A $585,801 home should be assessed near $561,373.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,427 above what the ratio math suggests (17.4%).
Step 4 · The tax rate — same for every Oceanport home
$0.845 Schools · 57% $0.228 County · 15% $0.402 Town · 27%
This home's own bill implies $1.363 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Oceanport sale · assessed ÷ market
71%155%
Paying about right
This home's ratio lands inside Oceanport'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 |
|---|---|---|---|---|
| 11 AVON AVE | 2026-05 | $635,000 | 1,152 | 90.5% |
| 8 ELLIOT PL | 2025-02 | $575,000 | 1,490 | 105.2% |
| 9 RIVERVIEW AVE | 2025-06 | $715,000 | 1,461 | 94.2% |
| 63 ASBURY AVE | 2025-05 | $649,900 | 1,386 | 100.0% |
| 5 GATE CT | 2026-04 | $600,000 | 1,184 | 83.0% |
| 134 COMANCHE DR | 2026-06 | $875,000 | 1,519 | 79.3% |
| 96 PEMBERTON AVE | 2025-01 | $725,000 | 1,036 | 97.8% |
| 28 FAIRFIELD AVE | 2026-05 | $513,000 | 1,036 | 89.8% |
| 25 SPRINGFIELD AVE | 2025-03 | $550,000 | 1,974 | 100.0% |
| 16 CARTY AVENUE | 2025-03 | $825,000 | 1,676 | 97.5% |
| 35 AVON AVE | 2026-06 | $1,050,000 | 1,884 | 70.0% |
| 66 PEMBERTON AVE | 2026-06 | $825,000 | 1,760 | 72.9% |
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