The Fair Share Report

269 28th St

Avalon, NJ 08080

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

≈ $2,129,754

Likely range $892,456 – $2,497,647, 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 $2,129,754 home should be assessed near $1,156,030.

Step 3 · Assessed value

$640,500

Set at the last town-wide revaluation and mostly frozen since. That's $515,530 below what the ratio math suggests (44.6%).

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

$3,894/yr
Public schools$205
Cape May County$2,008
Town of Avalon$1,681
Avalon average$10,663

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

Town median 48.5%
This home · 30.1%

20%77%

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
2248 AVALON AVE C-B2025-04$1,425,0001,33236.6%
169 59TH STREET2026-06$5,250,0001,37257.4%
274 52ND STREET2025-04$2,555,2661,62339.7%
2010 SEVENTH AVENUE2025-04$1,100,0001,44055.8%
2988 FIRST AVENUE2026-02$2,935,4071,56834.1%
179 32ND STREET2025-06$2,000,0001,34145.0%
76 W 21ST STREET2026-02$2,699,0001,71649.4%
55 W 22ND STREET2025-10$2,500,0001,65848.0%
285 14TH STREET2026-03$1,400,0001,40041.1%
279 13TH STREET2026-01$1,200,0001,43248.5%
694 21ST STREET2025-09$1,296,0001,49740.7%
1838 FIRST AVENUE2026-03$2,360,0001,40044.6%

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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 →