The Fair Share Report
3763 First Ave
Avalon, NJ 08055
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 $1,961,216 – $2,314,611, from 12 comparable Avalon 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 Avalon assessments sit below market value — republished every October, applied town-wide. A $2,187,063 home should be assessed near $1,187,138.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,124,862 above what the ratio math suggests (263.2%).
Step 4 · The tax rate — same for every Avalon home
$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%
Step 5 · The bill
This home vs. every recent Avalon sale · assessed ÷ market
32%225%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (62.42%) — roughly $18,968/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2928 OCEAN DR C-N | 2026-05 | $2,100,000 | 2,002 | 54.3% |
| 304 78TH ST C-A | 2025-12 | $1,795,000 | 1,920 | 43.8% |
| 305 78TH ST C-A | 2025-10 | $1,850,000 | 1,872 | 39.7% |
| 2026 SIXTH AVENUE | 2025-07 | $1,850,000 | 2,048 | 40.0% |
| 353 39TH ST C-W | 2025-09 | $2,400,000 | 1,804 | 49.8% |
| 420 24TH STREET | 2026-04 | $2,297,500 | 2,153 | 34.1% |
| 267 35TH STREET | 2025-06 | $1,950,000 | 2,191 | 44.4% |
| 1849 OCEAN DRIVE | 2025-11 | $2,000,000 | 2,024 | 54.1% |
| 175 12TH STREET | 2025-11 | $1,950,000 | 2,016 | 58.1% |
| 108 27TH STREET | 2025-07 | $3,050,000 | 2,241 | 38.1% |
| 315 79TH STREET | 2026-03 | $2,400,000 | 1,978 | 36.9% |
| 367 21ST STREET | 2025-10 | $2,380,000 | 2,200 | 37.7% |
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