The Fair Share Report
35 Main St
Ocean, NJ 08758
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 $486,681 – $795,107, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $692,648 home should be assessed near $640,492.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $133,992 below what the ratio math suggests (20.9%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
58%110%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 13 BAYVIEW DRIVE | 2025-05 | $600,000 | 1,954 | 99.3% |
| 211 WELLS MILLS ROAD | 2026-04 | $390,000 | 1,828 | 94.2% |
| 26 GRAND BAY HARBOR | 2025-08 | $515,000 | 1,722 | 86.7% |
| 15 BAYVIEW DRIVE | 2025-03 | $789,900 | 2,306 | 86.2% |
| 6 TALL OAKS DRIVE | 2025-08 | $539,900 | 2,429 | 91.5% |
| 10 GRAND BAY HARBOR | 2026-01 | $542,000 | 1,607 | 80.7% |
| 20 GRAND BAY HARBOR | 2025-12 | $565,000 | 1,607 | 77.2% |
| 121 MOREY PLACE ROAD | 2025-04 | $799,000 | 2,770 | 83.8% |
| 1 AVON LANE | 2025-09 | $429,000 | 1,489 | 77.1% |
| 55 MAIN STREET | 2026-03 | $585,000 | 2,864 | 75.7% |
| 309 FIFTH STREET | 2026-04 | $370,000 | 1,956 | 81.0% |
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
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