40 Compass Rd

Step 1 · Market value

Likely range $580,404 – $703,570, 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 $678,563 home should be assessed near $627,467.

Step 3 · Assessed value

Set at the last town-wide revaluation and mostly frozen since. That's $117,133 above what the ratio math suggests (18.7%).

Step 4 · The tax rate — same for every Ocean home

$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%

This home's own bill implies $1.544 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

68%134%

The evidence · comparable sales (SR1A usable-sale records)