The Fair Share Report

23 Crafton Ave

Pitman, NJ 08071

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.

Step 1 · Market value

≈ $469,383

Likely range $410,072 – $576,674, from 12 comparable Pitman sales in the past 18 months, at this home's 2,565 sq ft.

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $469,383 home should be assessed near $344,105.

Step 3 · Assessed value

$299,900

Set at the last town-wide revaluation and mostly frozen since. That's $44,205 below what the ratio math suggests (12.8%).

Step 4 · The tax rate — same for every Pitman home

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$10,784/yr
Public schools$6,267
Gloucester County$1,746
Town of Pitman$2,772
Pitman average$8,619

This home vs. every recent Pitman sale · assessed ÷ market

Town median 64.2%
This home · 63.9%

47%90%

Paying about right

This home's ratio lands inside Pitman's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
110 MONTGOMERY AVE2025-09$400,0002,50266.1%
407 N BROADWAY2025-08$420,0002,88563.4%
55 KENTON AVE2026-02$480,0002,13562.1%
141 CRAFTON AVE2025-11$520,0002,29170.8%
16 KENTON AVE2025-11$530,0002,28265.3%
429 BOULEVARD AVE2025-06$400,0001,91957.7%
326 N BROADWAY2025-01$250,0001,866115.0%
334 WESLEY AVE2025-12$335,0002,30468.1%
102 COLONIAL AVE2025-11$321,0001,93073.9%
234 CRAFTON AVE2025-04$480,0002,00564.5%
69 COLONIAL AVE2025-11$539,9002,45069.7%
401 N BROADWAY2025-07$300,0001,82072.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →