The Fair Share Report
29 E Lee Ave
Absecon, NJ 08201
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 $198,233 – $344,397, from 12 comparable Absecon 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 Absecon assessments sit below market value — republished every October, applied town-wide. A $300,263 home should be assessed near $188,475.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,375 below what the ratio math suggests (35.2%).
Step 4 · The tax rate — same for every Absecon home
$1.737 Schools · 49% $0.611 County · 17% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Absecon sale · assessed ÷ market
30%78%
Paying about right
This home's ratio lands inside Absecon'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 |
|---|---|---|---|---|
| 243 PENNSYLVANIA AVE | 2025-08 | $178,500 | 1,242 | 81.0% |
| 236 E WYOMING AVE | 2026-03 | $280,000 | 1,216 | 49.4% |
| 219 HURON AVE | 2025-04 | $335,000 | 1,168 | 43.0% |
| 122 N NEW RD | 2026-05 | $449,000 | 1,482 | 40.5% |
| 33 NATALIE TERRACE | 2025-10 | $294,000 | 1,165 | 48.6% |
| 5 W LEE AVE | 2025-05 | $365,000 | 1,467 | 48.4% |
| 614 OHIO AVE | 2026-04 | $315,775 | 1,248 | 46.2% |
| 310 PINE ST | 2025-11 | $210,000 | 1,416 | 75.1% |
| 194 N SHORE ROAD | 2026-03 | $265,000 | 1,421 | 52.8% |
| 1 W LEE AVE | 2025-05 | $379,000 | 1,467 | 52.7% |
| 615 N SHORE RD | 2025-10 | $292,900 | 1,294 | 65.7% |
| 27 SCHOOL ST | 2025-07 | $315,000 | 1,520 | 48.6% |
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