The Fair Share Report
35 Summit Ave
Absecon, NJ 08205
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 $117,414 – $343,088, from 12 comparable Absecon 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 Absecon assessments sit below market value — republished every October, applied town-wide. A $200,662 home should be assessed near $125,956.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $744 above what the ratio math suggests (0.6%).
Step 4 · The tax rate — same for every Absecon home
$1.737 Schools · 49% $0.611 County · 17% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Absecon sale · assessed ÷ market
31%113%
Paying about right
This home's ratio lands inside Absecon'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 |
|---|---|---|---|---|
| 219 HURON AVE | 2025-04 | $335,000 | 1,168 | 43.0% |
| 33 NATALIE TERRACE | 2025-10 | $294,000 | 1,165 | 48.6% |
| 635 EIGHTH ST | 2025-09 | $275,000 | 928 | 44.5% |
| 233 BAYVIEW DRIVE | 2025-07 | $325,000 | 1,074 | 53.1% |
| 161 COOLIDGE AVE | 2025-10 | $290,000 | 864 | 43.8% |
| 638 EIGHTH ST | 2026-04 | $140,000 | 936 | 71.4% |
| 116 COOLIDGE AVE | 2025-01 | $165,000 | 998 | 90.2% |
| 5 SHADY LANE | 2025-10 | $390,000 | 1,232 | 39.1% |
| 194 N SHORE ROAD | 2026-03 | $265,000 | 1,421 | 52.8% |
| 720 S NEW RD UNIT 1G | 2025-11 | $140,000 | 1,104 | 28.6% |
| 720 S NEW RD UNIT 2F | 2025-10 | $135,000 | 1,104 | 29.6% |
| 720 S NEW RD UNIT 2P | 2025-08 | $105,000 | 1,104 | 38.1% |
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