The Fair Share Report

15 Sloop Ct

Barnegat, NJ 08005

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

≈ $338,982

Likely range $307,514 – $406,749, from 12 comparable Barnegat sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

55.17%

The state's official measure of how far Barnegat assessments sit below market value — republished every October, applied town-wide. A $338,982 home should be assessed near $187,016.

Step 3 · Assessed value

$157,100

Set at the last town-wide revaluation and mostly frozen since. That's $29,916 below what the ratio math suggests (16.0%).

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

$3.082 per $100 assessed

$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%

Step 5 · The bill

$4,843/yr
Public schools$2,400
Ocean County$883
Town of Barnegat$1,561
Barnegat average$7,607

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

Town median 48.5%
This home · 46.3%

33%69%

Paying about right

This home's ratio lands inside Barnegat'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
148A BAY SHORE DR2026-04$320,0001,37842.2%
148A BAY SHORE DR2025-03$205,0001,37865.8%
6 ROXBURY DR2025-10$415,0001,37243.8%
23 SEXTANT DR2026-02$410,0001,36838.7%
33 RAVENWOOD BLVD2025-06$399,0001,27545.5%
34A DENVILLE ST2025-12$295,0001,37843.1%
50 LAMP POST DR2025-07$365,0001,40650.7%
136 WINDWARD DR2025-07$365,0001,39042.2%
39 GEORGETOWN BLVD2025-10$413,0001,40647.2%
1 NAUTILUS AVE2025-08$235,0001,47267.5%
29 RAVENWOOD BLVD2026-04$389,0001,47050.8%
13B EMERALD DR2026-02$333,0001,33640.6%

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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 →