The Fair Share Report
28 Main 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 $482,580 – $599,005, 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 $559,039 home should be assessed near $516,943.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $112,043 below what the ratio math suggests (21.7%).
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
62%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 |
|---|---|---|---|---|
| 13 BAYBREEZE DRIVE | 2026-01 | $428,390 | 1,936 | 99.0% |
| 76 SHERIDAN STREET | 2026-04 | $995,000 | 1,945 | 76.5% |
| 8 VENTNOR CT | 2026-01 | $575,000 | 1,915 | 79.1% |
| 42 EAGLESWOOD DR | 2025-08 | $535,000 | 1,915 | 83.3% |
| 13 BAYVIEW DRIVE | 2025-05 | $600,000 | 1,954 | 99.3% |
| 309 FIFTH STREET | 2026-04 | $370,000 | 1,956 | 81.0% |
| 37 PANCOAST RD | 2025-10 | $549,000 | 1,889 | 78.4% |
| 86 ILLINOIS AVENUE | 2025-08 | $505,000 | 1,980 | 78.7% |
| 8 EAGLESWOOD DR | 2025-07 | $544,000 | 1,881 | 76.6% |
| 59 ATLANTIC AVENUE | 2025-06 | $485,000 | 1,876 | 76.4% |
| 22 EAGLESWOOD DR | 2026-05 | $585,000 | 1,997 | 85.6% |
| 11 TILLER DRIVE | 2026-01 | $405,000 | 1,998 | 96.0% |
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