The Fair Share Report

159 9th St

Avalon, NJ 08202

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

≈ $2,567,861

Likely range $2,423,894 – $2,953,404, from 12 comparable Avalon sales in the past 18 months (home size estimated from assessor data — range widened).

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 $2,567,861 home should be assessed near $1,393,835.

Step 3 · Assessed value

$1,048,400

Set at the last town-wide revaluation and mostly frozen since. That's $345,435 below what the ratio math suggests (24.8%).

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

$6,374/yr
Public schools$336
Cape May County$3,287
Town of Avalon$2,751
Avalon average$10,663

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

Town median 48.5%
This home · 40.8%

30%70%

Paying about right

This home's ratio lands inside Avalon'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
55 W 22ND STREET2025-10$2,500,0001,65848.0%
76 W 21ST STREET2026-02$2,699,0001,71649.4%
274 52ND STREET2025-04$2,555,2661,62339.7%
2988 FIRST AVENUE2026-02$2,935,4071,56834.1%
237 63RD STREET2026-04$3,000,0001,76147.2%
1889 AVALON AVENUE2025-06$4,250,0001,63441.8%
211 23RD STREET2025-09$1,350,0001,94738.9%
181 7TH STREET2026-06$2,800,0001,88652.3%
179 32ND STREET2025-06$2,000,0001,34145.0%
2248 AVALON AVE C-B2025-04$1,425,0001,33236.6%
238 56TH STREET2025-11$3,000,0001,63242.2%
36 W 24TH STREET2026-01$2,700,0001,70345.1%

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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 →