The Fair Share Report
313 Eighth Ave
Belmar, NJ 07087
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 $1,781,440 – $2,973,358, from 12 comparable Belmar 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 Belmar assessments sit below market value — republished every October, applied town-wide. A $2,181,844 home should be assessed near $1,208,960.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,760 below what the ratio math suggests (11.9%).
Step 4 · The tax rate — same for every Belmar home
$0.599 Schools · 38% $0.350 County · 22% $0.620 Town · 40%
Step 5 · The bill
This home vs. every recent Belmar sale · assessed ÷ market
30%69%
Paying about right
This home's ratio lands inside Belmar'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 |
|---|---|---|---|---|
| 301 OCEAN AVE | 2025-11 | $3,400,000 | 3,129 | 43.7% |
| 1225 OAKWOOD RD | 2025-08 | $1,200,000 | 2,729 | 49.1% |
| 110 FOURTH AVE | 2025-05 | $2,120,000 | 3,462 | 56.1% |
| 309.5 FIFTH AVE | 2025-07 | $2,000,000 | 2,552 | 41.1% |
| 612 SIXTEENTH AVE | 2025-07 | $1,400,000 | 3,390 | 44.1% |
| 704 FIFTEENTH AVE | 2026-05 | $1,525,000 | 2,358 | 43.8% |
| 212 TENTH AVE | 2025-07 | $1,410,000 | 2,520 | 50.1% |
| 1403 OCEAN AVE | 2025-01 | $3,650,000 | 4,362 | 51.4% |
| 102 SEVENTH AVE | 2025-12 | $2,625,000 | 4,022 | 39.2% |
| 110 FIFTH AVE | 2025-04 | $2,049,999 | 2,639 | 62.0% |
| 1803 SURF AVE | 2025-12 | $2,399,000 | 2,964 | 36.1% |
| 1102 OCEAN AVE | 2025-09 | $2,990,000 | 2,827 | 46.2% |
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