The Fair Share Report
166 Esplanade Ave
Pitman, NJ 08071
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 $468,172 – $547,975, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $504,107 home should be assessed near $369,561.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,361 below what the ratio math suggests (3.3%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
This home's own bill implies $3.526 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
50%90%
Paying about right
This home's ratio lands inside Pitman'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 |
|---|---|---|---|---|
| 300 POPLAR AVE | 2025-07 | $465,000 | 2,404 | 71.5% |
| 300 POPLAR AVE | 2025-03 | $380,000 | 2,404 | 87.5% |
| 612 HOWARD AVE | 2025-07 | $500,000 | 2,435 | 71.9% |
| 448 LAKE AVE | 2025-11 | $499,750 | 2,589 | 65.1% |
| 178 ESPLANADE AVE | 2025-12 | $420,000 | 2,016 | 75.0% |
| 103 N BRENTWOOD AVE | 2026-03 | $540,000 | 2,235 | 55.1% |
| 413 COLUMBIA AVE | 2026-04 | $412,500 | 1,952 | 55.3% |
| 69 COLONIAL AVE | 2025-11 | $539,900 | 2,450 | 69.7% |
| 503 HUDSON AVE | 2025-02 | $436,000 | 2,134 | 68.2% |
| 604 BOUNDARY RD | 2025-05 | $420,000 | 1,901 | 68.2% |
| 453 E HOLLY AVE | 2025-02 | $435,000 | 2,194 | 67.3% |
| 250 CLEVELAND AVE | 2025-12 | $461,000 | 2,394 | 71.4% |
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