The Fair Share Report

277 80th St

Avalon, NJ 08043

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

≈ $1,557,000

Likely range $1,222,515 – $2,173,955, 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 $1,557,000 home should be assessed near $845,140.

Step 3 · Assessed value

$669,400

Set at the last town-wide revaluation and mostly frozen since. That's $175,740 below what the ratio math suggests (20.8%).

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

$4,070/yr
Public schools$215
Cape May County$2,099
Town of Avalon$1,757
Avalon average$10,663

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

Town median 48.5%
This home · 43.0%

25%70%

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
694 21ST STREET2025-09$1,296,0001,49740.7%
301 80TH ST C-B242026-05$1,350,0001,50442.6%
320 40TH STREET2025-09$1,995,0001,53630.4%
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%
285 14TH STREET2026-03$1,400,0001,40041.1%
279 13TH STREET2026-01$1,200,0001,43248.5%
280 28TH ST C-N2025-06$1,450,0001,60244.7%
1838 FIRST AVENUE2026-03$2,360,0001,40044.6%
287 14TH STREET2025-02$1,150,0001,40050.5%

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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 →