The Fair Share Report
40 S Broadway
Pitman, NJ 08085
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 $297,051 – $357,766, from 12 comparable Pitman sales in the past 18 months, at this home's 1,368 sq ft.
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 $315,928 home should be assessed near $231,607.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,807 below what the ratio math suggests (43.1%).
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
31%90%
Keep quiet and enjoy it
This home's assessment ratio sits below the Pitman pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 42 FOURTH AVE | 2025-05 | $299,999 | 1,458 | 68.4% |
| 121 ELEVENTH AVE | 2025-12 | $295,000 | 1,128 | 66.8% |
| 153 W JERSEY AVE | 2026-04 | $304,000 | 1,400 | 65.3% |
| 116 WEST AVE | 2026-06 | $325,000 | 1,368 | 62.3% |
| 510 GRANDVIEW AVE | 2026-06 | $375,000 | 1,365 | 54.2% |
| 117 FOURTH AVE | 2026-01 | $200,000 | 1,360 | 84.1% |
| 43 HIGHLAND TER | 2025-09 | $314,000 | 1,380 | 56.3% |
| 32 LINDEN AVE | 2025-11 | $315,000 | 1,382 | 75.4% |
| 302 WASHINGTON AVE | 2026-05 | $450,000 | 1,352 | 65.9% |
| 620 VASSAR AVE | 2025-04 | $352,000 | 1,274 | 69.1% |
| 340 LEXINGTON AVE | 2025-03 | $240,000 | 1,390 | 125.7% |
| 161 ESPLANADE AVE | 2025-04 | $342,000 | 1,344 | 59.6% |
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