The Fair Share Report
22 Third St
Barnegat, NJ 08005
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 $607,455 – $732,541, from 12 comparable Barnegat 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 Barnegat assessments sit below market value — republished every October, applied town-wide. A $709,755 home should be assessed near $391,572.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,772 below what the ratio math suggests (10.7%).
Step 4 · The tax rate — same for every Barnegat home
$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%
This home's own bill implies $3.012 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Barnegat sale · assessed ÷ market
35%69%
Paying about right
This home's ratio lands inside Barnegat'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 |
|---|---|---|---|---|
| 15 FIFTH ST | 2026-04 | $730,000 | 3,000 | 50.5% |
| 23 TRADEWINDS AVE | 2025-02 | $712,500 | 2,696 | 46.4% |
| 32 CARRIAGE WAY | 2026-05 | $809,000 | 2,832 | 43.8% |
| 19 HILLSIDE AVE | 2025-06 | $633,000 | 2,510 | 50.6% |
| 5 NELSON DR | 2025-08 | $744,000 | 2,733 | 49.1% |
| 87 FREEDOM HILLS DRIVE | 2026-02 | $725,000 | 2,701 | 50.1% |
| 119 BENGAL BLVD | 2026-04 | $755,000 | 2,855 | 56.1% |
| 19 JON DR | 2025-09 | $825,000 | 2,880 | 44.4% |
| 5 FIFTH ST | 2025-02 | $542,000 | 2,476 | 61.9% |
| 6 FIFTH ST | 2026-03 | $700,000 | 3,122 | 52.0% |
| 174 PENNSYLVANIA AVE | 2025-01 | $655,000 | 2,476 | 50.8% |
| 159 EDENTON DRIVE | 2025-10 | $675,000 | 3,055 | 51.5% |
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