The Fair Share Report

19 Robert Pl

Ocean, NJ 07712

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.

Step 1 · Market value

≈ $968,989

Likely range $765,996 – $1,484,270, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

94.25%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $968,989 home should be assessed near $913,272.

Step 3 · Assessed value

$754,200

Set at the last town-wide revaluation and mostly frozen since. That's $159,072 below what the ratio math suggests (17.4%).

Step 4 · The tax rate — same for every Ocean home

$1.319 per $100 assessed

$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%

This home's own bill implies $1.269 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,572/yr
Public schools$5,809
Monmouth County$1,624
Town of Ocean$2,139
Ocean average$12,291

This home vs. every recent Ocean sale · assessed ÷ market

Town median 95.5%
This home · 77.8%

45%110%

Paying about right

This home's ratio lands inside Ocean's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
504 MONMOUTH RD2025-02$1,060,0001,888101.0%
14 SHIRLEY ANN DR2025-05$675,0001,86099.8%
24 BERGER AVE2026-04$1,100,0001,80481.8%
296 GARFIELD AVE2026-02$1,950,0001,80284.5%
210 LARCHWOOD AVE2026-03$1,985,0001,93470.9%
6 ARLINGTON ST2025-05$950,0001,94596.2%
187 ELMWOOD RD2025-06$956,0001,84091.8%
813 ROSELD AVE2026-05$840,0001,94779.2%
246 JEROME AVE2025-01$1,160,0002,013117.9%
172 LARCHWOOD AVE2025-01$1,300,0001,74996.2%
606 ALMA PL2026-03$790,0001,72083.9%
606 ALMA PL2025-01$625,0001,720106.1%

Is this your house?

Run your own report →

Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →