The Fair Share Report

35 Dwight Dr

Ocean, NJ 07712

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

≈ $903,111

Likely range $700,946 – $1,143,081, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

94.25%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $903,111 home should be assessed near $851,182.

Step 3 · Assessed value

$1,027,900

Set at the last town-wide revaluation and mostly frozen since. That's $176,718 above what the ratio math suggests (20.8%).

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

$1.319 per $100 assessed

$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%

Step 5 · The bill

$13,603/yr
Public schools$8,255
Monmouth County$2,308
Town of Ocean$3,040
Ocean average$12,291

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

Town median 95.5%
This home · 113.8%

72%152%

Paying about right

This home's ratio lands inside Ocean'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
14 SHIRLEY ANN DR2025-05$675,0001,86099.8%
220 BELMAR AVE2025-03$1,240,0001,84691.2%
1 PEACH TREE RD2025-05$655,0001,732119.0%
41 DWIGHT DR2026-01$1,209,0002,037103.1%
813 ROSELD AVE2026-05$840,0001,94779.2%
606 ALMA PL2026-03$790,0001,72083.9%
606 ALMA PL2025-01$625,0001,720106.1%
246 JEROME AVE2025-01$1,160,0002,013117.9%
210 LARCHWOOD AVE2026-03$1,985,0001,93470.9%
2025 LESSER PKWY2026-03$870,0001,71488.0%
1806 HOLBROOK ST2025-06$799,0001,99898.6%
6 ARLINGTON ST2025-05$950,0001,94596.2%

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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 →