The Fair Share Report
3 Augusta Ave
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 $385,091 – $483,093, 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 $437,429 home should be assessed near $404,491.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,791 below what the ratio math suggests (17.5%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
This home's own bill implies $1.503 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
64%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 |
|---|---|---|---|---|
| 14 VESSEL ROAD | 2026-05 | $979,000 | 1,599 | 70.5% |
| 156 WELLS MILLS ROAD | 2026-02 | $405,000 | 1,586 | 86.1% |
| 72 BARNEGAT BEACH DRIVE | 2025-05 | $395,000 | 1,408 | 85.4% |
| 78 MICHIGAN AVENUE | 2025-06 | $285,000 | 1,496 | 111.3% |
| 108 BALTIC AVENUE | 2026-01 | $347,500 | 1,244 | 81.5% |
| 17 PENNSYLVANIA AVENUE | 2026-05 | $407,000 | 1,368 | 80.4% |
| 1 AVON LANE | 2025-09 | $429,000 | 1,489 | 77.1% |
| 85 HOLLY DRIVE | 2025-01 | $350,000 | 1,229 | 86.1% |
| 30 NAUTILUS ROAD | 2025-09 | $380,000 | 1,224 | 68.4% |
| 339 SEMINOLE AVENUE | 2025-10 | $325,000 | 1,548 | 100.6% |
| 407 SIXTH STREET | 2025-03 | $300,000 | 1,560 | 91.2% |
| 13 BAYVIEW DRIVE | 2025-05 | $600,000 | 1,954 | 99.3% |
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