The Fair Share Report
3 Malke Dr
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 $904,432 – $1,306,394, from 12 comparable Ocean sales in the past 18 months, at this home's 3,094 sq ft.
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 $1,042,403 home should be assessed near $982,465.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,135 above what the ratio math suggests (12.4%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.214 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
72%128%
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 |
|---|---|---|---|---|
| 10 NOTTINGHAM RD | 2025-02 | $1,130,000 | 3,354 | 97.3% |
| 9 TILTON DR | 2025-06 | $875,000 | 3,008 | 100.0% |
| 10 OAK TREE LN | 2026-02 | $855,000 | 3,069 | 96.5% |
| 29 ASCOT DR | 2026-05 | $900,000 | 2,908 | 101.0% |
| 5 NORTH WOODS RD | 2025-04 | $885,500 | 3,121 | 97.6% |
| 8 ROSS CT | 2026-06 | $2,500,000 | 3,508 | 78.4% |
| 471 WEST PARK AVE | 2026-05 | $1,450,000 | 3,138 | 89.0% |
| 9 MAHORAS DR | 2025-06 | $900,000 | 2,802 | 98.4% |
| 49 DUNE RD | 2026-06 | $1,355,000 | 3,386 | 86.7% |
| 8 HIGH RIDGE RD | 2025-02 | $860,000 | 2,942 | 100.7% |
| 11 STANDISH DR | 2026-05 | $1,237,500 | 2,978 | 90.0% |
| 24 OXFORD DR | 2026-01 | $1,300,000 | 3,234 | 88.2% |
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