The Fair Share Report
2 Meadows Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $707,473 – $936,013, 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 $870,416 home should be assessed near $820,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,733 above what the ratio math suggests (8.4%).
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 $1.276 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
72%131%
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 |
|---|---|---|---|---|
| 1 DERBY LN | 2025-02 | $930,000 | 2,444 | 101.8% |
| 11 OAK TREE LN | 2025-04 | $899,000 | 2,408 | 97.5% |
| 66 COLD INDIAN SPRING RD | 2026-02 | $740,000 | 2,432 | 98.3% |
| 21 HIGH RIDGE RD | 2026-05 | $909,000 | 2,526 | 101.9% |
| 44 ASCOT DR | 2025-05 | $869,000 | 2,483 | 100.1% |
| 5 LANCASTER DR | 2025-02 | $822,000 | 2,292 | 94.3% |
| 1 MICHAELS CT | 2026-06 | $1,792,500 | 2,378 | 70.9% |
| 6 LOTUS CT | 2026-03 | $955,000 | 2,689 | 98.2% |
| 8 HIGH RIDGE RD | 2025-02 | $860,000 | 2,942 | 100.7% |
| 53 HILLSIDE TERR | 2025-01 | $690,000 | 2,320 | 105.8% |
| 104 PEAR ST | 2026-04 | $999,000 | 2,608 | 126.3% |
| 1906 FINDERNE ST | 2025-04 | $1,150,000 | 2,632 | 91.5% |
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