The Fair Share Report
142 Second 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 $275,910 – $336,889, 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 $313,756 home should be assessed near $230,015.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,315 below what the ratio math suggests (28.4%).
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 $3.444 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
43%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 |
|---|---|---|---|---|
| 445 LOCUST AVE UNIT 5102 | 2025-09 | $257,500 | 1,161 | 48.5% |
| 121 ELEVENTH AVE | 2025-12 | $295,000 | 1,128 | 66.8% |
| 620 VASSAR AVE | 2025-04 | $352,000 | 1,274 | 69.1% |
| 42 FOURTH AVE | 2025-05 | $299,999 | 1,458 | 68.4% |
| 204 LINDEN AVE | 2025-04 | $350,000 | 1,232 | 65.0% |
| 153 W JERSEY AVE | 2026-04 | $304,000 | 1,400 | 65.3% |
| 616 HIGHLAND TER | 2025-06 | $375,000 | 1,205 | 59.3% |
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 65 ARBUTUS AVE | 2026-05 | $309,900 | 1,218 | 60.1% |
| 238 CRAFTON AVE | 2025-04 | $320,000 | 1,230 | 75.4% |
| 21 N FERNWOOD AVE | 2025-08 | $359,000 | 1,221 | 68.0% |
| 21 EAST AVE | 2025-11 | $285,900 | 1,223 | 56.1% |
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