The Fair Share Report
18 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 $378,669 – $519,694, 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 $417,231 home should be assessed near $230,186.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,786 below what the ratio math suggests (7.3%).
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 |
|---|---|---|---|---|
| 14 NINTH ST | 2026-06 | $499,900 | 1,531 | 40.5% |
| 11 NINTH ST | 2025-07 | $410,000 | 1,531 | 46.7% |
| 1016 WEST BAY AVE | 2026-04 | $400,000 | 1,628 | 45.0% |
| 6 SECOND ST | 2025-10 | $399,000 | 1,672 | 56.2% |
| 12 NINTH ST | 2025-01 | $420,000 | 1,448 | 47.9% |
| 12 SIXTH ST | 2025-03 | $525,000 | 1,680 | 43.8% |
| 41 DECK ST | 2025-12 | $450,000 | 1,726 | 45.2% |
| 148A BAY SHORE DR | 2026-04 | $320,000 | 1,378 | 42.2% |
| 148A BAY SHORE DR | 2025-03 | $205,000 | 1,378 | 65.8% |
| 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% |
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