The Fair Share Report
358 Pitman Ave
Pitman, NJ 08071
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Pitman's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $277,094 – $445,647, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $352,497 home should be assessed near $258,416.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,984 above what the ratio math suggests (5.0%).
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%103%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 421 ROOSEVELT AVE | 2025-12 | $541,000 | 1,890 | 45.4% |
| 508 LAKEVIEW AVE | 2026-05 | $575,000 | 1,744 | 48.7% |
| 401 N BROADWAY | 2025-07 | $300,000 | 1,820 | 72.8% |
| 368 PITMAN AVE | 2026-02 | $360,000 | 1,830 | 62.5% |
| 422 ROOSEVELT AVE | 2025-04 | $347,000 | 1,989 | 69.5% |
| 326 N BROADWAY | 2025-01 | $250,000 | 1,866 | 115.0% |
| 39 ELM AVE | 2026-06 | $475,000 | 1,692 | 56.2% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 16 KENTON AVE | 2025-11 | $530,000 | 2,282 | 65.3% |
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 22 ELM AVE | 2025-05 | $350,000 | 1,860 | 73.8% |
| 35 SIMPSON AVE | 2025-06 | $325,000 | 1,776 | 65.1% |
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