The Fair Share Report

415 Muriel Ave

Pitman, NJ 08071

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.

Step 1 · Market value

≈ $259,140

Likely range $227,654 – $295,166, from 12 comparable Pitman sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $259,140 home should be assessed near $189,976.

Step 3 · Assessed value

$172,300

Set at the last town-wide revaluation and mostly frozen since. That's $17,676 below what the ratio math suggests (9.3%).

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

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$6,196/yr
Public schools$3,600
Gloucester County$1,003
Town of Pitman$1,592
Pitman average$8,619

This home vs. every recent Pitman sale · assessed ÷ market

Town median 64.2%
This home · 66.5%

50%90%

Paying about right

This home's ratio lands inside Pitman's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
12 HAZEL AVE2026-01$290,0001,14055.5%
131 NORTH AVE2025-04$207,00094955.3%
103 NINTH AVE2025-11$330,0001,19659.1%
445 LOCUST AVE UNIT 51022025-09$257,5001,16148.5%
101 ALCYON BLVD2025-07$165,00080185.2%
27 WILDWOOD AVE2025-07$275,0001,15267.6%
138 N FERNWOOD AVE2025-11$385,0001,06463.4%
204 LINDEN AVE2025-04$350,0001,23265.0%
158 WEST AVE2025-01$274,9001,02854.4%
506 ROOSEVELT AVE2025-03$342,5001,09961.6%
134 NORTH AVE2025-09$250,0001,01255.3%
405 WESLEY AVE2025-05$171,3001,11191.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →