The Fair Share Report

237 76th St

Avalon, NJ 08057

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

≈ $2,354,613

Likely range $1,135,893 – $2,777,514, 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 $2,354,613 home should be assessed near $1,278,084.

Step 3 · Assessed value

$1,518,500

Set at the last town-wide revaluation and mostly frozen since. That's $240,416 above what the ratio math suggests (18.8%).

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

$9,232/yr
Public schools$487
Cape May County$4,761
Town of Avalon$3,985
Avalon average$10,663

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

Town median 48.5%
This home · 64.5%

32%139%

Paying about right

This home's ratio lands inside Avalon'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
274 52ND STREET2025-04$2,555,2661,62339.7%
237 63RD STREET2026-04$3,000,0001,76147.2%
169 59TH STREET2026-06$5,250,0001,37257.4%
694 21ST STREET2025-09$1,296,0001,49740.7%
301 80TH ST C-B242026-05$1,350,0001,50442.6%
2010 SEVENTH AVENUE2025-04$1,100,0001,44055.8%
360 39TH ST C-E2026-05$1,900,0001,60033.4%
1100 OCEAN DR UNIT 3052025-09$2,390,0001,60840.7%
1100 OCEAN DR UNIT 2082025-06$1,950,0001,60849.9%
320 40TH STREET2025-09$1,995,0001,53630.4%
280 28TH ST C-N2025-06$1,450,0001,60244.7%
2988 FIRST AVENUE2026-02$2,935,4071,56834.1%

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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 →