The Fair Share Report
3 Privateer Dr
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 $550,368 – $629,648, from 12 comparable Ocean sales in the past 18 months, at this home's 2,686 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 $621,597 home should be assessed near $574,791.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $215,509 above what the ratio math suggests (37.5%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%149%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $3,401/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 109 OCEAN AVENUE | 2026-05 | $545,000 | 2,636 | 100.9% |
| 66 STRATHMERE ST | 2025-05 | $535,000 | 2,611 | 103.0% |
| 79 SPRING LAKE BLVD | 2026-05 | $600,000 | 2,673 | 98.1% |
| 50 AVALON WAY | 2025-07 | $675,000 | 2,673 | 80.3% |
| 32 EAGLESWOOD DR | 2026-05 | $620,000 | 2,673 | 86.6% |
| 124 BRIGANTINE BLVD | 2025-01 | $685,000 | 2,673 | 86.2% |
| 5 LONGPORT CT | 2026-02 | $677,000 | 2,888 | 82.9% |
| 34 SEA GIRT LN | 2025-03 | $600,000 | 2,523 | 100.0% |
| 11 DEAL LN | 2025-04 | $580,000 | 2,888 | 90.8% |
| 52 STRATHMERE ST | 2025-09 | $718,500 | 3,068 | 81.3% |
| 110 MARINE ROAD | 2025-03 | $499,999 | 2,388 | 99.6% |
| 105 SPRING LAKE BLVD | 2025-04 | $710,000 | 3,068 | 88.1% |
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