The Fair Share Report
1682 E Dr
Point Pleasant, NJ 07728
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 $630,882 – $913,910, from 12 comparable Point Pleasant sales in the past 18 months, at this home's 1,716 sq ft.
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 $711,352 home should be assessed near $380,787.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $345,513 above what the ratio math suggests (90.7%).
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
32%121%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.56%) — roughly $8,372/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1153 PINE BLUFF AVE | 2025-10 | $1,100,000 | 1,740 | 30.8% |
| 2116 GLENWOOD DR | 2026-05 | $925,000 | 1,614 | 62.1% |
| 304 BARBARA DR | 2025-06 | $600,000 | 1,686 | 52.5% |
| 1129 ROE AVE | 2026-05 | $650,000 | 1,636 | 49.0% |
| 1409 BUCKNER ST | 2025-07 | $783,000 | 1,500 | 43.0% |
| 217 RIVER EDGE DR | 2025-01 | $700,000 | 1,695 | 45.9% |
| 2344 CARDINAL DR | 2025-02 | $950,000 | 1,736 | 36.8% |
| 1219 BARTON AVE | 2025-12 | $653,000 | 1,547 | 39.7% |
| 2118 KENNETH RD | 2025-07 | $735,000 | 1,848 | 38.9% |
| 3122 HIAWATHA AVE | 2025-08 | $650,000 | 1,566 | 45.1% |
| 529 SMITH DR | 2025-10 | $650,000 | 1,568 | 47.0% |
| 1220 LEWIS RD | 2025-02 | $545,000 | 1,536 | 55.7% |
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