The Fair Share Report

293 57th St

Avalon, NJ 08034

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.

Step 1 · Market value

≈ $1,512,725

Likely range $1,078,050 – $2,667,505, from 12 comparable Avalon sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $1,512,725 home should be assessed near $821,107.

Step 3 · Assessed value

$838,100

Set at the last town-wide revaluation and mostly frozen since. That's $16,993 above what the ratio math suggests (2.1%).

Step 4 · The tax rate — same for every Avalon home

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$5,096/yr
Public schools$269
Cape May County$2,628
Town of Avalon$2,199
Avalon average$10,663

This home vs. every recent Avalon sale · assessed ÷ market

Town median 48.5%
This home · 55.4%

26%83%

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)

AddressSoldPriceSq ftRatio
179 32ND STREET2025-06$2,000,0001,34145.0%
128 27TH STREET2025-10$2,250,0001,53640.0%
1889 AVALON AVENUE2025-06$4,250,0001,63441.8%
2988 FIRST AVENUE2026-02$2,935,4071,56834.1%
1838 FIRST AVENUE2026-03$2,360,0001,40044.6%
2778 DUNE DR UNIT D2025-11$1,450,0001,42538.9%
285 14TH STREET2026-03$1,400,0001,40041.1%
287 14TH STREET2025-02$1,150,0001,40050.5%
276 13TH STREET2025-02$1,100,0001,40052.5%
279 13TH STREET2026-01$1,200,0001,43248.5%
2568 OCEAN DRIVE2025-11$3,400,00097225.0%
2010 SEVENTH AVENUE2025-04$1,100,0001,44055.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →