The Fair Share Report
280 24th St
Avalon, NJ 08033
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 $2,184,032 – $3,613,314, from 12 comparable Avalon 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 Avalon assessments sit below market value — republished every October, applied town-wide. A $3,021,829 home should be assessed near $1,640,249.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $600,849 below what the ratio math suggests (36.6%).
Step 4 · The tax rate — same for every Avalon home
$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%
Step 5 · The bill
This home vs. every recent Avalon sale · assessed ÷ market
23%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2987 DUNE DRIVE | 2025-04 | $1,790,900 | 2,110 | 75.2% |
| 694 22ND STREET | 2025-10 | $3,300,000 | 2,232 | 73.1% |
| 253 35TH STREET | 2025-04 | $2,775,000 | 1,900 | 68.7% |
| 286 24TH STREET | 2025-10 | $2,900,000 | 1,864 | 35.8% |
| 8 E 27TH STREET | 2026-05 | $3,900,000 | 2,299 | 59.8% |
| 2766 OCEAN DRIVE | 2026-06 | $3,250,000 | 1,939 | 47.4% |
| 2776 OCEAN DRIVE | 2025-04 | $3,395,000 | 1,939 | 45.4% |
| 2776 OCEAN DRIVE | 2025-04 | $2,521,472 | 1,939 | 61.1% |
| 6801 OCEAN DRIVE | 2025-03 | $2,320,000 | 2,027 | 47.8% |
| 2977 DUNE DRIVE | 2025-09 | $1,697,500 | 1,798 | 76.5% |
| 3108 OCEAN DRIVE | 2025-12 | $2,725,000 | 2,359 | 48.8% |
| 223 24TH STREET | 2025-07 | $2,650,000 | 2,294 | 45.3% |
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