The Fair Share Report
403 Third St
Ocean, NJ 08758
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 $319,381 – $422,795, from 12 comparable Ocean sales in the past 18 months, at this home's 1,114 sq ft.
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 $369,733 home should be assessed near $341,892.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,308 above what the ratio math suggests (2.1%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%115%
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 |
|---|---|---|---|---|
| 7 LETTS LANDING ROAD | 2026-04 | $419,000 | 1,104 | 70.4% |
| 7 LETTS LANDING ROAD | 2025-08 | $387,000 | 1,104 | 76.2% |
| 113 LIGHTHOUSE DRIVE | 2025-10 | $290,000 | 1,152 | 89.0% |
| 421 SEVENTH STREET | 2025-03 | $400,000 | 1,144 | 67.2% |
| 103 DOVER COURT | 2025-07 | $385,000 | 1,160 | 77.3% |
| 95 OREGON AVENUE | 2025-04 | $460,000 | 1,200 | 78.1% |
| 45 LETTS LANDING ROAD | 2025-08 | $350,000 | 1,120 | 75.9% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
| 305 THIRD STREET | 2025-03 | $375,000 | 1,308 | 79.9% |
| 82 BONITA ROAD | 2025-07 | $369,000 | 1,510 | 98.5% |
| 138 SENECA BOULEVARD | 2025-01 | $355,000 | 996 | 82.9% |
| 47 CENTRAL AVENUE | 2025-10 | $345,000 | 1,181 | 84.3% |
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