The Fair Share Report
1627 E Dr
Point Pleasant, NJ 07932
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,307,127 – $2,480,972, from 12 comparable Point Pleasant sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Point Pleasant assessments sit below market value — republished every October, applied town-wide. A $1,687,448 home should be assessed near $903,291.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,391 below what the ratio math suggests (12.3%).
Step 4 · The tax rate — same for every Point Pleasant home
$1.344 Schools · 55% $0.568 County · 23% $0.511 Town · 21%
Step 5 · The bill
This home vs. every recent Point Pleasant sale · assessed ÷ market
26%67%
Paying about right
This home's ratio lands inside Point Pleasant's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1421 RUE MIRADOR | 2025-12 | $1,935,000 | 2,940 | 48.7% |
| 1819 BOAT POINT DR | 2025-11 | $2,400,000 | 2,941 | 39.9% |
| 1851 BAY BLVD | 2025-01 | $1,400,000 | 2,719 | 40.2% |
| 2117 SEAGULL TERR | 2025-10 | $1,150,000 | 2,710 | 43.8% |
| 1826 SHORE BLVD | 2025-02 | $1,750,000 | 2,595 | 34.6% |
| 1226 JOHNSON AVE | 2025-02 | $1,250,000 | 2,752 | 49.7% |
| 1663 EAST DR | 2026-01 | $1,200,000 | 2,627 | 53.9% |
| 1722 RIVIERA CT | 2026-02 | $1,447,000 | 2,854 | 52.5% |
| 717 MOUNT PL | 2025-06 | $1,400,000 | 2,966 | 44.6% |
| 1730 BAY BLVD | 2025-12 | $1,850,000 | 2,318 | 39.7% |
| 1328 SLEEPY HOLLOW | 2026-01 | $1,225,000 | 2,616 | 41.9% |
| 1735 CERTAINTY DR | 2025-09 | $2,165,000 | 2,362 | 36.3% |
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