The Fair Share Report
23 Compass Rd
Ocean, NJ 08758
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 $581,901 – $747,726, 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 $653,736 home should be assessed near $604,510.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $152,090 above what the ratio math suggests (25.2%).
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%135%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,400/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 34 SEA GIRT LN | 2025-03 | $600,000 | 2,523 | 100.0% |
| 114 CALDWELL ROAD | 2025-04 | $860,000 | 2,512 | 93.5% |
| 66 STRATHMERE ST | 2025-05 | $535,000 | 2,611 | 103.0% |
| 124 BRIGANTINE BLVD | 2025-01 | $685,000 | 2,673 | 86.2% |
| 116 DOLLMORE AVENUE | 2026-03 | $635,000 | 2,096 | 94.2% |
| 15 EAGLESWOOD DR | 2025-08 | $620,000 | 2,291 | 76.4% |
| 32 EAGLESWOOD DR | 2026-05 | $620,000 | 2,673 | 86.6% |
| 33 HARVEY CEDAR WAY | 2026-02 | $745,000 | 2,783 | 83.3% |
| 197 BRIGANTINE BLVD | 2026-05 | $660,000 | 2,291 | 79.5% |
| 3 BEACH HAVEN WAY | 2026-06 | $670,000 | 2,291 | 82.7% |
| 45 SHIP BOTTOM LN | 2026-06 | $705,000 | 2,783 | 89.4% |
| 109 OCEAN AVENUE | 2026-05 | $545,000 | 2,636 | 100.9% |
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