The Fair Share Report
363 E Ave
Bay Head, NJ 08558
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 Bay Head's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $3,960,240 – $8,251,671, from 12 comparable Bay Head 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 Bay Head assessments sit below market value — republished every October, applied town-wide. A $5,675,923 home should be assessed near $3,183,625.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,177,475 above what the ratio math suggests (37.0%).
Step 4 · The tax rate — same for every Bay Head home
$0.251 Schools · 23% $0.576 County · 52% $0.277 Town · 25%
Step 5 · The bill
This home vs. every recent Bay Head sale · assessed ÷ market
30%116%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 858 CLAYTON AVE | 2025-04 | $6,100,000 | 3,572 | 67.2% |
| 22 CEDAR DRIVE | 2025-07 | $1,400,000 | 2,758 | 63.9% |
| 824 MAIN AVE | 2026-04 | $3,098,500 | 2,953 | 41.6% |
| 717 EAST AVE | 2026-06 | $16,000,000 | 4,026 | 38.5% |
| 603 LAKE AVE | 2025-05 | $3,950,000 | 3,530 | 34.1% |
| 842 EAST AVE | 2025-08 | $4,500,000 | 3,601 | 60.5% |
| 2 CEDAR DRIVE | 2025-10 | $1,520,000 | 2,239 | 56.5% |
| 750 EAST AVE | 2026-02 | $4,650,000 | 3,405 | 56.6% |
| 829 EAST AVE | 2025-11 | $11,500,000 | 6,023 | 50.5% |
| 36 BRIDGE AVE | 2025-01 | $2,275,000 | 2,756 | 45.7% |
| 26 BRIDGE AVE | 2025-07 | $4,700,000 | 3,421 | 43.3% |
| 162 PARK AVE | 2025-06 | $2,350,000 | 2,488 | 42.8% |
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