The Fair Share Report
337 Lake 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $317,576 – $507,324, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $394,215 home should be assessed near $288,999.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,799 below what the ratio math suggests (6.5%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
48%91%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 368 PITMAN AVE | 2026-02 | $360,000 | 1,830 | 62.5% |
| 508 LAKEVIEW AVE | 2026-05 | $575,000 | 1,744 | 48.7% |
| 422 ROOSEVELT AVE | 2025-04 | $347,000 | 1,989 | 69.5% |
| 22 ELM AVE | 2025-05 | $350,000 | 1,860 | 73.8% |
| 329 PITMAN AVE | 2025-01 | $450,000 | 2,057 | 72.1% |
| 421 ROOSEVELT AVE | 2025-12 | $541,000 | 1,890 | 45.4% |
| 135 COLONIAL AVE | 2025-10 | $425,000 | 1,862 | 54.3% |
| 401 N BROADWAY | 2025-07 | $300,000 | 1,820 | 72.8% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 102 COLONIAL AVE | 2025-11 | $321,000 | 1,930 | 73.9% |
| 18 SENECA AVE | 2025-04 | $485,000 | 1,786 | 58.7% |
| 39 ELM AVE | 2026-06 | $475,000 | 1,692 | 56.2% |
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