The Fair Share Report
342 W 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 $312,154 – $334,459, from 12 comparable Pitman sales in the past 18 months, at this home's 1,316 sq ft.
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 $312,860 home should be assessed near $229,358.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,158 below what the ratio math suggests (5.7%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 LAUREL AVE | 2025-06 | $337,000 | 1,326 | 56.3% |
| 321 WEST AVE | 2026-02 | $320,000 | 1,274 | 60.0% |
| 518 WESLEY AVE | 2025-12 | $300,000 | 1,262 | 58.9% |
| 502 BOULEVARD AVE | 2025-05 | $315,000 | 1,328 | 65.0% |
| 347 HARDING CT | 2026-04 | $355,000 | 1,164 | 52.2% |
| 231 WEST AVE | 2025-06 | $315,000 | 1,286 | 71.7% |
| 116 WEST AVE | 2026-06 | $325,000 | 1,368 | 62.3% |
| 135 LAUREL AVE | 2026-03 | $298,000 | 1,152 | 59.0% |
| 174 NORTH AVE | 2025-06 | $312,000 | 1,240 | 55.8% |
| 51 SIMPSON AVE | 2025-06 | $309,000 | 1,338 | 74.0% |
| 43 HIGHLAND TER | 2025-09 | $314,000 | 1,380 | 56.3% |
| 307 GRANT AVE | 2025-03 | $315,000 | 1,325 | 64.5% |
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