The Fair Share Report

3208 Kickapoo Ave

Point Pleasant, NJ 08742

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

≈ $656,817

Likely range $631,604 – $709,340, from 12 comparable Point Pleasant sales in the past 18 months, at this home's 1,339 sq ft.

Step 2 · The Director's Ratio

53.53%

The state's official measure of how far Point Pleasant assessments sit below market value — republished every October, applied town-wide. A $656,817 home should be assessed near $351,594.

Step 3 · Assessed value

$269,700

Set at the last town-wide revaluation and mostly frozen since. That's $81,894 below what the ratio math suggests (23.3%).

Step 4 · The tax rate — same for every Point Pleasant home

$2.423 per $100 assessed

$1.344 Schools · 55% $0.568 County · 23% $0.511 Town · 21%

Step 5 · The bill

$6,538/yr
Public schools$3,626
Ocean County$1,533
Town of Point Pleasant$1,379
Point Pleasant average$9,764

This home vs. every recent Point Pleasant sale · assessed ÷ market

Town median 45.2%
This home · 41.1%

32%67%

Paying about right

This home's ratio lands inside Point Pleasant'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
1128 HOLLYWOOD BLVD2025-01$700,0001,38039.3%
2228 WILSON RD2025-05$790,0001,42836.5%
2405 CEDAR ST2025-05$635,0001,34447.5%
607 MARSHALL DR2025-04$725,0001,47840.9%
3105 CAMBRIDGE DR2026-03$675,0001,21240.1%
1139 ROE AVE2025-08$600,0001,27242.8%
1400 TREENEEDLE RD2025-09$735,0001,42941.1%
1220 LEWIS RD2025-02$545,0001,53655.7%
1846 RIVIERA PKWY2026-03$800,0001,34432.5%
1127 ROE AVE2026-05$650,0001,48246.5%
405 RIVER AVE2025-05$730,0001,37841.3%
611 BOULTON AVE2026-03$625,0001,32046.3%

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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 →