The Fair Share Report
17 Third St
Barnegat, NJ 08005
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 $434,773 – $542,252, from 12 comparable Barnegat 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 Barnegat assessments sit below market value — republished every October, applied town-wide. A $487,090 home should be assessed near $268,728.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,628 below what the ratio math suggests (10.7%).
Step 4 · The tax rate — same for every Barnegat home
$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%
Step 5 · The bill
This home vs. every recent Barnegat sale · assessed ÷ market
35%69%
Paying about right
This home's ratio lands inside Barnegat'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 |
|---|---|---|---|---|
| 101 ROBIN LA | 2025-03 | $430,000 | 1,752 | 50.1% |
| 13 PERIWINKLE DR | 2025-04 | $450,000 | 1,824 | 67.3% |
| 86 QUAIL RD | 2025-06 | $400,000 | 1,685 | 51.1% |
| 609 EAST BAY AVE | 2025-10 | $450,000 | 1,838 | 50.2% |
| 167 SANDPIPER RD | 2025-05 | $390,000 | 1,563 | 49.7% |
| 401-19A BAY SHORE DR | 2026-05 | $651,000 | 1,728 | 47.7% |
| 401-7A BAY SHORE DR | 2025-08 | $599,000 | 1,728 | 52.0% |
| 401-9A BAY SHORE DR | 2025-05 | $630,000 | 1,728 | 49.5% |
| 48 MAYPORT CT | 2025-09 | $500,000 | 1,861 | 52.5% |
| 15 BENJAMIN CT | 2026-03 | $637,000 | 2,120 | 54.7% |
| 15 HANNAH LEE RD | 2025-08 | $640,000 | 2,211 | 49.4% |
| 22 HANNAH LEE RD | 2025-07 | $623,000 | 2,211 | 48.8% |
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