The Fair Share Report
32 Summit Ave
Absecon, NJ 08201
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 $207,188 – $242,818, from 12 comparable Absecon sales in the past 18 months, at this home's 1,326 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Absecon assessments sit below market value — republished every October, applied town-wide. A $214,676 home should be assessed near $134,752.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,348 above what the ratio math suggests (46.3%).
Step 4 · The tax rate — same for every Absecon home
$1.737 Schools · 49% $0.611 County · 17% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Absecon sale · assessed ÷ market
34%101%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (72.19%) — roughly $2,193/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 MECHANIC ST #302 | 2025-05 | $230,000 | 1,256 | 64.9% |
| 25 E WOODLAND AVE | 2025-04 | $215,000 | 1,328 | 51.5% |
| 48 E WOODLAND AVE | 2026-06 | $230,000 | 1,358 | 46.0% |
| 44 E WOODLAND AVE | 2026-05 | $215,000 | 1,358 | 49.2% |
| 86 E WOODLAND AVE | 2026-05 | $221,000 | 1,336 | 49.0% |
| 84 E WOODLAND AVE | 2026-04 | $130,000 | 1,366 | 88.5% |
| 300 DELAWARE AVE | 2025-09 | $374,900 | 1,238 | 56.1% |
| 26E OYSTER BAY RD | 2025-01 | $190,000 | 1,188 | 48.1% |
| 505 SOOY LANE | 2026-01 | $479,500 | 1,596 | 47.4% |
| 15E OYSTER BAY RD | 2025-08 | $172,500 | 1,152 | 34.5% |
| 11A OYSTER BAY RD | 2026-05 | $180,000 | 1,540 | 57.9% |
| 655 WEILER LANE | 2026-04 | $455,000 | 1,432 | 46.4% |
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