The Fair Share Report
3 Ellen Ct
Ocean, NJ 07712
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 $715,840 – $1,251,852, 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 $876,441 home should be assessed near $826,046.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,254 above what the ratio math suggests (0.2%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
61%121%
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 |
|---|---|---|---|---|
| 5 LANCASTER DR | 2025-02 | $822,000 | 2,292 | 94.3% |
| 11 SEWARD DR | 2026-06 | $895,000 | 1,941 | 89.4% |
| 66 COLD INDIAN SPRING RD | 2026-02 | $740,000 | 2,432 | 98.3% |
| 53 HILLSIDE TERR | 2025-01 | $690,000 | 2,320 | 105.8% |
| 22 ROSLYN DR | 2025-05 | $1,220,000 | 2,250 | 81.3% |
| 1 JEROME SMITH DR | 2025-01 | $660,000 | 1,944 | 100.5% |
| 1 MICHAELS CT | 2026-06 | $1,792,500 | 2,378 | 70.9% |
| 20 SHARON DR | 2025-03 | $905,000 | 2,094 | 105.5% |
| 708 AUTH AVE | 2026-05 | $720,000 | 2,100 | 91.0% |
| 221 HARRISON AVE | 2025-04 | $975,000 | 2,328 | 110.5% |
| 1 DERBY LN | 2025-02 | $930,000 | 2,444 | 101.8% |
| 1806 HOLBROOK ST | 2025-06 | $799,000 | 1,998 | 98.6% |
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