The Fair Share Report
2002 E Dr
Ventnor, NJ 08406
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 $530,082 – $811,576, from 12 comparable Ventnor 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 Ventnor assessments sit below market value — republished every October, applied town-wide. A $627,275 home should be assessed near $310,752.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,552 below what the ratio math suggests (21.7%).
Step 4 · The tax rate — same for every Ventnor home
$0.806 Schools · 29% $0.740 County · 26% $1.277 Town · 45%
Step 5 · The bill
This home vs. every recent Ventnor sale · assessed ÷ market
23%63%
Paying about right
This home's ratio lands inside Ventnor'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 |
|---|---|---|---|---|
| 323 N LAFAYETTE AVE | 2026-05 | $510,000 | 1,410 | 35.8% |
| 5200 BOARDWALK | 2025-10 | $782,500 | 1,510 | 57.0% |
| 5200 BOARDWALK | 2025-07 | $698,000 | 1,510 | 36.4% |
| 6114 CALVERT AVE | 2026-03 | $997,000 | 1,343 | 32.5% |
| 5200 BOARDWALK | 2025-06 | $700,000 | 1,510 | 36.8% |
| 3A N MARION AVE | 2025-09 | $850,000 | 1,376 | 45.7% |
| 1 S WISSAHICKON AVE | 2025-11 | $605,000 | 1,350 | 31.6% |
| 6313 MONMOUTH AVE | 2025-04 | $855,000 | 1,408 | 36.8% |
| 6313 MONMOUTH AVE | 2025-01 | $792,500 | 1,408 | 39.7% |
| 400 BERKSHIRE DRIVE | 2025-07 | $425,000 | 1,576 | 36.8% |
| 3 N VASSAR SQUARE | 2025-11 | $750,000 | 1,482 | 36.7% |
| 6324 VILLA COURT | 2025-04 | $572,184 | 2,013 | 66.2% |
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