The Fair Share Report
300 E Central Ave
Alpha, NJ 08865
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $267,704 – $390,480, from 12 comparable Alpha sales in the past 18 months, at this home's 1,590 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Alpha assessments sit below market value — republished every October, applied town-wide. A $345,870 home should be assessed near $220,215.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,215 below what the ratio math suggests (50.0%).
Step 4 · The tax rate — same for every Alpha home
$1.754 Schools · 50% $0.758 County · 22% $0.973 Town · 28%
Step 5 · The bill
This home vs. every recent Alpha sale · assessed ÷ market
23%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 925 LEE AVENUE | 2026-05 | $350,000 | 1,568 | 50.5% |
| 968 HOBSON STREET | 2025-06 | $301,000 | 1,470 | 59.5% |
| 782 HIGH STREET | 2025-06 | $345,000 | 1,586 | 68.2% |
| 1027 THIRD AVENUE | 2025-07 | $150,000 | 1,536 | 115.9% |
| 1140 EAST BOULEVARD | 2025-11 | $442,500 | 1,856 | 30.0% |
| 941 LEE AVENUE | 2026-03 | $330,000 | 1,960 | 62.9% |
| 785-795 HOBSON STREET | 2025-06 | $417,000 | 1,472 | 39.5% |
| 201 THIRD AVENUE | 2026-05 | $225,000 | 1,828 | 88.3% |
| 230 EAST CENTRAL AVENUE | 2025-06 | $310,000 | 1,104 | 46.9% |
| 826 SIGSBEE AVENUE | 2026-04 | $355,000 | 1,811 | 53.6% |
| 825 SAMPSON AVENUE | 2025-09 | $250,000 | 1,498 | 86.8% |
| 2 LYONS COURT | 2025-08 | $395,000 | 1,479 | 46.8% |
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