The Fair Share Report
27 Strathmere St
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 $638,346 – $739,881, 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 $678,823 home should be assessed near $627,708.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,892 above what the ratio math suggests (1.4%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%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 |
|---|---|---|---|---|
| 11 DEAL LN | 2025-04 | $580,000 | 2,888 | 90.8% |
| 5 LONGPORT CT | 2026-02 | $677,000 | 2,888 | 82.9% |
| 38 OCEAN GROVE LN | 2025-08 | $725,000 | 3,093 | 88.9% |
| 30 POINT PLEASANT LA | 2026-05 | $774,999 | 3,068 | 81.8% |
| 46 BELMAR BLVD | 2026-03 | $595,000 | 3,068 | 97.9% |
| 9 MARGATE WAY | 2026-05 | $782,000 | 3,068 | 79.3% |
| 61 STRATHMERE ST | 2025-01 | $740,000 | 3,068 | 81.5% |
| 83 BRIGANTINE BLVD | 2025-08 | $685,000 | 3,081 | 81.8% |
| 124 BRIGANTINE BLVD | 2025-01 | $685,000 | 2,673 | 86.2% |
| 16 MILLSTONE WAY | 2025-09 | $715,000 | 3,081 | 88.8% |
| 10 HARVEY CEDAR WAY | 2026-06 | $775,000 | 3,081 | 83.5% |
| 14 HARVEY CEDAR WAY | 2025-10 | $779,000 | 3,081 | 83.0% |
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