The Fair Share Report
28 Eisele Ave
Ocean, NJ 07712
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Ocean's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $622,591 – $999,238, 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 $843,522 home should be assessed near $795,019.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,819 below what the ratio math suggests (12.7%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.232 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
64%117%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 606 ALMA PL | 2026-03 | $790,000 | 1,720 | 83.9% |
| 606 ALMA PL | 2025-01 | $625,000 | 1,720 | 106.1% |
| 172 LARCHWOOD AVE | 2025-01 | $1,300,000 | 1,749 | 96.2% |
| 2025 LESSER PKWY | 2026-03 | $870,000 | 1,714 | 88.0% |
| 5 THE ARBOR WAY | 2025-03 | $640,000 | 1,663 | 104.2% |
| 187 ELMWOOD RD | 2025-06 | $956,000 | 1,840 | 91.8% |
| 1107 BERKELEY AVE | 2025-02 | $652,000 | 1,584 | 99.7% |
| 6 ARLINGTON ST | 2025-05 | $950,000 | 1,945 | 96.2% |
| 504 MONMOUTH RD | 2025-02 | $1,060,000 | 1,888 | 101.0% |
| 1 PEACH TREE RD | 2025-05 | $655,000 | 1,732 | 119.0% |
| 24 BERGER AVE | 2026-04 | $1,100,000 | 1,804 | 81.8% |
| 14 SHIRLEY ANN DR | 2025-05 | $675,000 | 1,860 | 99.8% |
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