The Fair Share Report
16 Adams Ave
Pitman, NJ 08071
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.
A touch high — but not appeal-worthy
Above most of Pitman, but below NJ's legal appeal line (84.31%), where a case becomes winnable.
Step 1 · Market value
Likely range $295,954 – $368,578, from 12 comparable Pitman sales in the past 18 months, at this home's 1,334 sq ft.
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 $347,057 home should be assessed near $254,427.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,873 above what the ratio math suggests (8.6%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
50%99%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 510 GRANDVIEW AVE | 2026-06 | $375,000 | 1,365 | 54.2% |
| 616 HIGHLAND TER | 2025-06 | $375,000 | 1,205 | 59.3% |
| 339 PITMAN AVE | 2025-07 | $345,000 | 1,404 | 67.3% |
| 340 LEXINGTON AVE | 2025-03 | $240,000 | 1,390 | 125.7% |
| 32 LINDEN AVE | 2025-11 | $315,000 | 1,382 | 75.4% |
| 161 ESPLANADE AVE | 2025-04 | $342,000 | 1,344 | 59.6% |
| 622 SPRUCE AVE | 2026-05 | $335,000 | 1,510 | 63.5% |
| 107 ELM AVE | 2025-08 | $376,500 | 1,420 | 63.9% |
| 115 WOODLYNE AVE | 2025-06 | $435,000 | 1,400 | 62.9% |
| 302 WASHINGTON AVE | 2026-05 | $450,000 | 1,352 | 65.9% |
| 510 ELM AVE | 2025-04 | $295,000 | 1,436 | 94.7% |
| 238 CRAFTON AVE | 2025-04 | $320,000 | 1,230 | 75.4% |
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