The Fair Share Report
403 Third Ave
Belmar, NJ 07719
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 $754,533 – $1,485,781, from 12 comparable Belmar 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 Belmar assessments sit below market value — republished every October, applied town-wide. A $1,037,368 home should be assessed near $574,806.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $174,194 above what the ratio math suggests (30.3%).
Step 4 · The tax rate — same for every Belmar home
$0.599 Schools · 38% $0.350 County · 22% $0.620 Town · 40%
Step 5 · The bill
This home vs. every recent Belmar sale · assessed ÷ market
35%105%
Paying about right
This home's ratio lands inside Belmar'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 |
|---|---|---|---|---|
| 1208 L ST | 2026-01 | $725,000 | 1,495 | 49.5% |
| 1202 BAYVIEW AVE | 2026-05 | $875,000 | 1,824 | 45.8% |
| 1209 SIXTEENTH AVE | 2026-04 | $800,000 | 1,904 | 56.7% |
| 215 TENTH AVE UNIT 1B | 2025-06 | $300,000 | — | 50.2% |
| 1721 RIVER RD | 2025-09 | $632,500 | 1,978 | 48.7% |
| 1205.5 RIVER RD | 2025-05 | $610,000 | 2,031 | 55.0% |
| 1206 RIVER RD | 2025-04 | $1,275,000 | 1,673 | 38.9% |
| 322 SIXTEENTH AVE | 2025-11 | $1,150,000 | 1,562 | 39.7% |
| 705 THIRTEENTH AVE | 2025-09 | $650,000 | 1,260 | 55.1% |
| 1202 D ST | 2025-05 | $1,560,000 | 1,638 | 34.1% |
| 119 SEVENTEENTH AVE | 2025-11 | $1,115,000 | 1,563 | 47.7% |
| 316 SIXTEENTH AVE | 2025-06 | $1,225,000 | 1,506 | 42.5% |
Is this your house?
Run your own report →