The Fair Share Report
24 Barbara Ct
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 $371,301 – $535,877, 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 $402,615 home should be assessed near $372,298.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,898 below what the ratio math suggests (18.5%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
This home's own bill implies $1.496 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
51%105%
Paying about right
This home's ratio lands inside Ocean'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 |
|---|---|---|---|---|
| 5 POHATCONG AVENUE | 2025-09 | $402,000 | 1,308 | 74.1% |
| 305 THIRD STREET | 2025-03 | $375,000 | 1,308 | 79.9% |
| 305 FOURTH STREET | 2025-04 | $320,000 | 1,296 | 81.1% |
| 17 LONG JOHN SILVER WAY | 2025-10 | $645,000 | 1,306 | 86.0% |
| 21 PEG LEG WAY | 2026-02 | $625,000 | 1,327 | 88.2% |
| 1 AVON LANE | 2025-09 | $429,000 | 1,489 | 77.1% |
| 47 CENTRAL AVENUE | 2025-10 | $345,000 | 1,181 | 84.3% |
| 82 BONITA ROAD | 2025-07 | $369,000 | 1,510 | 98.5% |
| 17 PENNSYLVANIA AVENUE | 2026-05 | $407,000 | 1,368 | 80.4% |
| 113 LIGHTHOUSE DRIVE | 2025-10 | $290,000 | 1,152 | 89.0% |
| 12 ONE EYE WAY | 2025-07 | $550,000 | 1,396 | 105.1% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
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