The Fair Share Report
16 Webb Ave
Pitman, NJ 08017
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.
This home's payments are about right
It sits inside Pitman's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $282,419 – $311,368, from 12 comparable Pitman sales in the past 18 months, at this home's 1,224 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 $299,813 home should be assessed near $219,793.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,893 below what the ratio math suggests (16.8%).
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%90%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 174 NORTH AVE | 2025-06 | $312,000 | 1,240 | 55.8% |
| 12 HAZEL AVE | 2026-01 | $290,000 | 1,140 | 55.5% |
| 231 WEST AVE | 2025-06 | $315,000 | 1,286 | 71.7% |
| 189 EAST AVE | 2026-05 | $257,500 | 1,116 | 63.8% |
| 21 EAST AVE | 2025-11 | $285,900 | 1,223 | 56.1% |
| 65 ARBUTUS AVE | 2026-05 | $309,900 | 1,218 | 60.1% |
| 43 HIGHLAND TER | 2025-09 | $314,000 | 1,380 | 56.3% |
| 117 FOURTH AVE | 2026-01 | $200,000 | 1,360 | 84.1% |
| 215 BOULEVARD AVE | 2026-05 | $350,000 | 1,436 | 58.5% |
| 116 WEST AVE | 2026-06 | $325,000 | 1,368 | 62.3% |
| 321 WEST AVE | 2026-02 | $320,000 | 1,274 | 60.0% |
Is this your house?
Run your own report →