The Fair Share Report
146 Main St
Ocean, NJ 08758
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Ocean's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $292,500 – $476,586, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $377,500 home should be assessed near $349,074.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,874 below what the ratio math suggests (22.3%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
51%105%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 95 OREGON AVENUE | 2025-04 | $460,000 | 1,200 | 78.1% |
| 113 LIGHTHOUSE DRIVE | 2025-10 | $290,000 | 1,152 | 89.0% |
| 421 SEVENTH STREET | 2025-03 | $400,000 | 1,144 | 67.2% |
| 305 FOURTH STREET | 2025-04 | $320,000 | 1,296 | 81.1% |
| 45 LETTS LANDING ROAD | 2025-08 | $350,000 | 1,120 | 75.9% |
| 5 POHATCONG AVENUE | 2025-09 | $402,000 | 1,308 | 74.1% |
| 47 CENTRAL AVENUE | 2025-10 | $345,000 | 1,181 | 84.3% |
| 103 DOVER COURT | 2025-07 | $385,000 | 1,160 | 77.3% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
| 17 LONG JOHN SILVER WAY | 2025-10 | $645,000 | 1,306 | 86.0% |
| 305 THIRD STREET | 2025-03 | $375,000 | 1,308 | 79.9% |
| 82 BONITA ROAD | 2025-07 | $369,000 | 1,510 | 98.5% |
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