The Fair Share Report
35 Middlebrook 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $606,649 – $929,890, 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 $694,330 home should be assessed near $654,406.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,994 above what the ratio math suggests (10.7%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.287 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
72%125%
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 |
|---|---|---|---|---|
| 11 SEWARD DR | 2026-06 | $895,000 | 1,941 | 89.4% |
| 220 BELMAR AVE | 2025-03 | $1,240,000 | 1,846 | 91.2% |
| 532 DOW AVE | 2025-04 | $860,000 | 1,784 | 96.8% |
| 1 JEROME SMITH DR | 2025-01 | $660,000 | 1,944 | 100.5% |
| 4 BROOKE ST | 2026-02 | $1,300,000 | 1,930 | 83.7% |
| 14 SHIRLEY ANN DR | 2025-05 | $675,000 | 1,860 | 99.8% |
| 1 PEACH TREE RD | 2025-05 | $655,000 | 1,732 | 119.0% |
| 1806 HOLBROOK ST | 2025-06 | $799,000 | 1,998 | 98.6% |
| 7 TIMBER DR | 2025-03 | $750,000 | 1,722 | 97.2% |
| 210 LARCHWOOD AVE | 2026-03 | $1,985,000 | 1,934 | 70.9% |
| 116 COTSWOLD CIR | 2026-01 | $555,000 | 1,598 | 97.8% |
| 264 DANIELE DR | 2026-01 | $590,000 | 1,738 | 95.2% |
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