The Fair Share Report

237 66th St

Avalon, NJ 07945

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

≈ $2,633,676

Likely range $2,070,302 – $2,905,002, from 12 comparable Avalon sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $2,633,676 home should be assessed near $1,429,559.

Step 3 · Assessed value

$2,096,900

Set at the last town-wide revaluation and mostly frozen since. That's $667,341 above what the ratio math suggests (46.7%).

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

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$12,749/yr
Public schools$672
Cape May County$6,574
Town of Avalon$5,503
Avalon average$10,663

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

Town median 48.5%
This home · 79.6%

32%107%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (62.42%) — roughly $4,051/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
606 22ND STREET2025-05$3,125,0002,47040.5%
259 24TH STREET2025-03$1,780,0002,53947.5%
407 20TH STREET2025-10$3,200,0002,40148.2%
859 DUNE DRIVE2025-09$2,305,0002,56456.4%
118 28TH STREET2026-06$3,160,0002,29949.9%
3108 OCEAN DRIVE2025-12$2,725,0002,35948.8%
128 16TH STREET2026-01$2,650,0002,70155.1%
141 8TH STREET2026-01$2,500,0002,54055.0%
3328 OCEAN DRIVE2025-11$2,995,0002,78548.0%
267 35TH STREET2025-06$1,950,0002,19144.4%
420 24TH STREET2026-04$2,297,5002,15334.1%
256 42ND STREET2026-04$2,400,0002,23960.9%

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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 →