The Fair Share Report
232 Lake 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $256,039 – $372,876, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $352,562 home should be assessed near $258,463.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,463 below what the ratio math suggests (12.6%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
50%94%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 106 MCCLELLAND AVE | 2025-12 | $360,000 | 1,416 | 65.8% |
| 429 ROOSEVELT AVE | 2025-06 | $340,000 | 1,418 | 59.6% |
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 307 WILDWOOD AVE | 2025-03 | $360,000 | 1,497 | 68.1% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 147 S WOODBURY RD | 2025-06 | $375,000 | 1,320 | 65.7% |
| 103 MYRTLE AVE | 2025-04 | $332,500 | 1,563 | 55.2% |
| 35 SIMPSON AVE | 2025-06 | $325,000 | 1,776 | 65.1% |
| 307 GRANT AVE | 2025-03 | $315,000 | 1,325 | 64.5% |
| 32 BELLEVUE AVE | 2025-04 | $325,000 | 1,459 | 68.2% |
| 326 N BROADWAY | 2025-01 | $250,000 | 1,866 | 115.0% |
| 102 COLONIAL AVE | 2025-11 | $321,000 | 1,930 | 73.9% |
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