The Fair Share Report
20 Compass Rd
Ocean, NJ 08108
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 $504,718 – $635,959, 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 $526,844 home should be assessed near $487,173.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,027 above what the ratio math suggests (24.4%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%126%
A touch high — worth watching
This home's ratio sits above most of Ocean, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 8 VENTNOR CT | 2026-01 | $575,000 | 1,915 | 79.1% |
| 121 MARINE ROAD | 2026-02 | $850,000 | 1,841 | 83.2% |
| 88 DOCK AVENUE | 2025-07 | $480,000 | 1,344 | 78.9% |
| 1 CAPSTAN ROAD | 2025-09 | $1,185,000 | 2,232 | 79.6% |
| 32 RUMSON CT | 2024-12 | $500,000 | 1,822 | 91.1% |
| 23 BELMAR BLVD | 2025-03 | $550,000 | 1,834 | 82.1% |
| 24 BEACH HAVEN WAY | 2025-09 | $600,000 | 2,055 | 96.5% |
| 130 ADMIRAL WAY | 2025-12 | $850,000 | 1,836 | 75.0% |
| 116 DOLLMORE AVENUE | 2026-03 | $635,000 | 2,096 | 94.2% |
| 8 EAGLESWOOD DR | 2025-07 | $544,000 | 1,881 | 76.6% |
| 49 HARVEY CEDAR WAY | 2025-04 | $643,000 | 2,055 | 88.3% |
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