The Fair Share Report
4 Persimmon Rd
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 $719,491 – $903,993, 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 $804,778 home should be assessed near $758,503.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,197 above what the ratio math suggests (2.0%).
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 $1.213 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%113%
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 |
|---|---|---|---|---|
| 34 BOXWOOD DR | 2025-03 | $820,000 | 1,889 | 95.6% |
| 14 MAGNOLIA CT | 2026-03 | $820,000 | 2,016 | 90.0% |
| 99 BARBERRY DR | 2026-04 | $834,900 | 2,168 | 91.4% |
| 16 ROLLING MEADOWS BLVD S | 2026-02 | $865,000 | 2,288 | 89.0% |
| 14 DOGWOOD DR | 2026-06 | $710,000 | 1,831 | 96.8% |
| 13 DOGWOOD DR | 2025-03 | $812,575 | 2,252 | 103.1% |
| 4 MAGNOLIA CT | 2026-01 | $805,000 | 1,824 | 88.1% |
| 201 ROLLING MEADOWS BLVDN | 2025-01 | $934,900 | 2,288 | 96.2% |
| 7 CENTRE ST UNIT 3305 | 2026-02 | $615,000 | 1,832 | 98.4% |
| 37 SEQUOIA PKWY | 2026-01 | $791,000 | 1,839 | 88.0% |
| 38 ENCLAVE WAY | 2026-03 | $1,100,000 | 1,978 | 78.6% |
| 11 ROLLING MEADOWS BLVD S | 2026-02 | $815,000 | 2,288 | 68.9% |
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