The Fair Share Report

16 E 14th 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

≈ $2,527,716

Likely range $1,818,692 – $3,170,316, 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 $2,527,716 home should be assessed near $1,372,044.

Step 3 · Assessed value

$2,026,900

Set at the last town-wide revaluation and mostly frozen since. That's $654,856 above what the ratio math suggests (47.7%).

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

$12,324/yr
Public schools$650
Cape May County$6,355
Town of Avalon$5,319
Avalon average$10,663

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

Town median 48.5%
This home · 80.2%

32%117%

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 $3,975/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
181 7TH STREET2026-06$2,800,0001,88652.3%
304 78TH ST C-A2025-12$1,795,0001,92043.8%
305 78TH ST C-A2025-10$1,850,0001,87239.7%
175 12TH STREET2025-11$1,950,0002,01658.1%
353 39TH ST C-W2025-09$2,400,0001,80449.8%
2928 OCEAN DR C-N2026-05$2,100,0002,00254.3%
36 W 24TH STREET2026-01$2,700,0001,70345.1%
150 64TH STREET2026-03$8,425,0002,09279.3%
170 77TH STREET2025-05$3,700,0002,11261.3%
237 63RD STREET2026-04$3,000,0001,76147.2%
234 33RD STREET2025-10$2,050,0001,87245.5%
10 MARINE WAY2026-01$1,830,0001,69144.2%

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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 →