The Fair Share Report
29 Summit Ave
Absecon, NJ 08201
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 Absecon's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $319,428 – $387,023, 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 $339,865 home should be assessed near $213,333.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,333 below what the ratio math suggests (14.7%).
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
34%78%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 112 WOODCREST AVE | 2025-08 | $344,000 | 1,456 | 56.0% |
| 310 PINE ST | 2025-11 | $210,000 | 1,416 | 75.1% |
| 1104 BREAKERS AVE | 2025-01 | $330,000 | 1,461 | 56.8% |
| 1 W LEE AVE | 2025-05 | $379,000 | 1,467 | 52.7% |
| 300 PITNEY ROAD | 2025-07 | $335,000 | 1,446 | 52.3% |
| 9 CORDOVA DR | 2025-07 | $395,100 | 1,501 | 40.3% |
| 817 SHELBURNE AVE | 2025-04 | $313,000 | 1,422 | 56.9% |
| 5 W LEE AVE | 2025-05 | $365,000 | 1,467 | 48.4% |
| 234 HURON AVE | 2025-01 | $299,000 | 1,617 | 57.1% |
| 1110 BREAKERS AVE | 2026-02 | $365,000 | 1,552 | 59.1% |
| 703 BREAKERS AVE | 2025-08 | $345,000 | 1,536 | 53.4% |
| 15 W ILLINOIS AVE | 2025-06 | $390,000 | 1,451 | 49.5% |
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