The Fair Share Report
2 Corey Dr
Ocean, NJ 07755
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 $656,302 – $1,394,920, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $889,006 home should be assessed near $837,888.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $194,812 above what the ratio math suggests (23.3%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.281 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
69%163%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 210 LARCHWOOD AVE | 2026-03 | $1,985,000 | 1,934 | 70.9% |
| 4 BROOKE ST | 2026-02 | $1,300,000 | 1,930 | 83.7% |
| 2 ROBERT PL | 2026-02 | $705,000 | 2,079 | 100.2% |
| 14 SHIRLEY ANN DR | 2025-05 | $675,000 | 1,860 | 99.8% |
| 246 JEROME AVE | 2025-01 | $1,160,000 | 2,013 | 117.9% |
| 502 CROSBY AVE | 2026-03 | $1,850,000 | 1,704 | 69.8% |
| 813 ROSELD AVE | 2026-05 | $840,000 | 1,947 | 79.2% |
| 296 GARFIELD AVE | 2026-02 | $1,950,000 | 1,802 | 84.5% |
| 606 ALMA PL | 2026-03 | $790,000 | 1,720 | 83.9% |
| 606 ALMA PL | 2025-01 | $625,000 | 1,720 | 106.1% |
| 11 SEWARD DR | 2026-06 | $895,000 | 1,941 | 89.4% |
| 1 JEROME SMITH DR | 2025-01 | $660,000 | 1,944 | 100.5% |
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