The Fair Share Report

151 65th St

Avalon, NJ 08033

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

≈ $4,627,141

Likely range $4,292,976 – $5,271,661, from 12 comparable Avalon sales in the past 18 months, at this home's 3,808 sq ft.

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $4,627,141 home should be assessed near $2,511,612.

Step 3 · Assessed value

$3,884,600

Set at the last town-wide revaluation and mostly frozen since. That's $1,372,988 above what the ratio math suggests (54.7%).

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

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$23,618/yr
Public schools$1,245
Cape May County$12,179
Town of Avalon$10,194
Avalon average$10,663

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

Town median 48.5%
This home · 84.0%

32%96%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (62.42%) — roughly $8,334/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
140 77TH STREET2025-11$4,900,0003,88772.7%
53 E 25TH STREET2026-06$4,675,0003,60960.3%
7749 DUNE DRIVE2025-08$5,050,0004,15668.5%
153 76TH STREET2025-04$5,100,0003,68472.7%
165 71ST STREET2025-05$7,500,0004,16156.6%
93 W 13TH STREET2025-04$4,300,0003,97055.3%
554 22ND STREET2025-05$4,125,0003,65944.7%
56 E 22ND STREET2025-10$4,600,0003,89465.0%
135 77TH STREET2025-05$6,000,0004,30168.5%
56 W 22ND STREET2026-02$4,565,0003,55254.3%
1269 FIRST AVENUE2025-11$3,875,0003,70956.6%
158 32ND STREET2026-03$3,775,0003,89164.7%

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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 →