The Fair Share Report
207 Third Ave
Belmar, NJ 07029
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 $756,816 – $1,609,451, from 12 comparable Belmar 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 Belmar assessments sit below market value — republished every October, applied town-wide. A $1,017,120 home should be assessed near $563,586.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $323,514 above what the ratio math suggests (57.4%).
Step 4 · The tax rate — same for every Belmar home
$0.599 Schools · 38% $0.350 County · 22% $0.620 Town · 40%
Step 5 · The bill
This home vs. every recent Belmar sale · assessed ÷ market
35%123%
A touch high — worth watching
This home's ratio sits above most of Belmar, but doesn't clear NJ's legal appeal line (63.72%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 504 ELEVENTH AVE | 2025-05 | $1,100,000 | 2,097 | 71.8% |
| 216 FOURTH AVE | 2025-10 | $1,500,000 | — | 43.3% |
| 707 NORTH LAKE DRIVE | 2025-10 | $2,199,999 | 1,918 | 39.8% |
| 1721 RIVER RD | 2025-09 | $632,500 | 1,978 | 48.7% |
| 1206 RIVER RD | 2025-04 | $1,275,000 | 1,673 | 38.9% |
| 405 TENTH AVE | 2026-01 | $1,525,000 | 2,403 | 52.3% |
| 113 TWELFTH AVE | 2026-03 | $1,400,000 | 2,153 | 49.6% |
| 1209 SIXTEENTH AVE | 2026-04 | $800,000 | 1,904 | 56.7% |
| 1205.5 RIVER RD | 2025-05 | $610,000 | 2,031 | 55.0% |
| 1202 BAYVIEW AVE | 2026-05 | $875,000 | 1,824 | 45.8% |
| 510 THIRTEENTH AVE | 2025-10 | $950,000 | 1,432 | 70.9% |
| 514 SEVENTH AVE | 2025-06 | $1,625,000 | 1,709 | 44.3% |
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