The Fair Share Report
400 Anglesea Ave
Ocean Gate, NJ 07083
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 $643,514 – $847,710, from 12 comparable Ocean Gate 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 Gate assessments sit below market value — republished every October, applied town-wide. A $797,459 home should be assessed near $728,479.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $85,679 below what the ratio math suggests (11.8%).
Step 4 · The tax rate — same for every Ocean Gate home
$0.870 Schools · 48% $0.345 County · 19% $0.605 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean Gate sale · assessed ÷ market
64%105%
Paying about right
This home's ratio lands inside Ocean Gate'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 |
|---|---|---|---|---|
| 405 STONE HARBOR AVE | 2025-09 | $735,000 | 2,126 | 88.6% |
| 532 E ARVERNE AVE | 2025-09 | $575,000 | 2,172 | 80.3% |
| 610 STONE HARBOR AVE | 2025-02 | $555,000 | 1,680 | 76.4% |
| 241 E LAKEWOOD AVE | 2025-10 | $710,000 | 2,242 | 71.1% |
| 416 MONMOUTH AVE | 2026-02 | $500,000 | 1,680 | 80.4% |
| 918 RED BANK AVE | 2025-02 | $475,000 | 1,956 | 93.1% |
| 334 E BAYVIEW AVE | 2025-06 | $550,000 | 1,288 | 86.2% |
| 505 NARRAGANSETTE AVE | 2025-12 | $575,000 | 1,830 | 85.8% |
| 214 NEWPORT AVE | 2026-06 | $350,000 | 2,144 | 132.7% |
| 521 E LONG BRANCH AVE | 2026-06 | $420,000 | 1,688 | 92.3% |
| 21 W BAYVIEW AVE | 2026-01 | $210,000 | — | 96.6% |
| 605 OCEAN GATE AVE | 2025-08 | $485,000 | 1,601 | 77.9% |
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