The Fair Share Report
3 E Herbert Ave
Long Beach, NJ 08008
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 $1,591,752 – $2,201,995, from 12 comparable Long Beach 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 Long Beach assessments sit below market value — republished every October, applied town-wide. A $1,939,705 home should be assessed near $1,268,761.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $270,461 below what the ratio math suggests (21.3%).
Step 4 · The tax rate — same for every Long Beach home
$0.253 Schools · 28% $0.439 County · 48% $0.220 Town · 24%
Step 5 · The bill
This home vs. every recent Long Beach sale · assessed ÷ market
38%81%
Paying about right
This home's ratio lands inside Long Beach'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 |
|---|---|---|---|---|
| 15 W 13TH STREET U-2 | 2025-11 | $1,675,000 | 2,156 | 64.5% |
| 5 E 44TH STREET UA WEST | 2025-07 | $1,699,000 | 2,070 | 58.0% |
| 9500 BEACH AVE U-A | 2026-05 | $1,890,000 | 1,774 | 52.9% |
| 10 W JEROME AVE | 2026-01 | $2,100,000 | 2,188 | 52.7% |
| 1805 BEACH AVE | 2026-03 | $2,479,999 | 2,055 | 51.7% |
| 5 W 20TH ST | 2026-03 | $1,842,000 | 1,857 | 54.9% |
| 15 E 16TH STREET | 2025-03 | $2,100,000 | 2,052 | 54.7% |
| 8510 LONG BEACH BLVD | 2025-07 | $1,200,000 | 2,076 | 70.5% |
| 1060B LONG BEACH BLVD CW | 2026-05 | $1,750,000 | 2,220 | 49.1% |
| 1070D LONG BEACH BLVD U-A | 2026-01 | $2,300,000 | 2,100 | 39.9% |
| 22 W 13TH STREET U-A | 2025-05 | $2,100,000 | 2,368 | 49.1% |
| 127 E 13TH STREET | 2025-09 | $2,500,000 | 1,974 | 51.0% |
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