The Fair Share Report
308 Anglesea Ave
Ocean Gate, NJ 08820
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 $312,582 – $418,151, from 12 comparable Ocean Gate 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 Gate assessments sit below market value — republished every October, applied town-wide. A $368,213 home should be assessed near $336,363.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $91,763 below what the ratio math suggests (27.3%).
Step 4 · The tax rate — same for every Ocean Gate home
$0.870 Schools · 48% $0.345 County · 19% $0.605 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean Gate sale · assessed ÷ market
53%105%
Paying about right
This home's ratio lands inside Ocean Gate'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 |
|---|---|---|---|---|
| 319 MONMOUTH AVE | 2026-06 | $679,501 | 880 | 66.4% |
| 24 W PT PLEASANT AVE | 2026-05 | $379,000 | 810 | 91.1% |
| 339 E LAKEWOOD AVE | 2025-09 | $255,000 | 750 | 98.9% |
| 611 OCEAN GATE AVE | 2025-02 | $385,000 | 867 | 75.5% |
| 129 E ATLANTIC AVE | 2026-06 | $345,000 | 934 | 79.0% |
| 35 E BAYVIEW AVE | 2025-11 | $430,000 | 1,024 | 67.0% |
| 22 E CHELSEA AVE | 2025-04 | $305,000 | 972 | 97.4% |
| 46 W CAPE MAY AVE | 2026-06 | $400,000 | 896 | 63.5% |
| 142 E LAKEWOOD AVE | 2025-12 | $400,000 | 952 | 70.6% |
| 646 E PT PLEASANT AVE | 2025-06 | $425,000 | 924 | 94.3% |
| 231 E LAKEWOOD AVE | 2025-07 | $428,000 | 738 | 77.4% |
| 419 WILDWOOD AVE | 2026-06 | $345,000 | 1,055 | 93.6% |
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