The Fair Share Report

316 E Holly Ave

Pitman, NJ 08071

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.

Step 1 · Market value

≈ $460,347

Likely range $401,615 – $507,625, from 12 comparable Pitman sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $460,347 home should be assessed near $337,480.

Step 3 · Assessed value

$312,400

Set at the last town-wide revaluation and mostly frozen since. That's $25,080 below what the ratio math suggests (7.4%).

Step 4 · The tax rate — same for every Pitman home

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$11,234/yr
Public schools$6,528
Gloucester County$1,819
Town of Pitman$2,887
Pitman average$8,619

This home vs. every recent Pitman sale · assessed ÷ market

Town median 64.2%
This home · 67.9%

50%90%

Paying about right

This home's ratio lands inside Pitman's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
329 PITMAN AVE2025-01$450,0002,05772.1%
422 ROOSEVELT AVE2025-04$347,0001,98969.5%
234 CRAFTON AVE2025-04$480,0002,00564.5%
453 E HOLLY AVE2025-02$435,0002,19467.3%
334 WESLEY AVE2025-12$335,0002,30468.1%
102 COLONIAL AVE2025-11$321,0001,93073.9%
135 COLONIAL AVE2025-10$425,0001,86254.3%
368 PITMAN AVE2026-02$360,0001,83062.5%
55 KENTON AVE2026-02$480,0002,13562.1%
18 SENECA AVE2025-04$485,0001,78658.7%
69 COLONIAL AVE2025-11$539,9002,45069.7%
508 LAKEVIEW AVE2026-05$575,0001,74448.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →