The Fair Share Report
417 Wesley 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.
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Step 1 · Market value
Likely range $193,913 – $254,279, from 12 comparable Pitman sales in the past 18 months, at this home's 889 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 $229,967 home should be assessed near $168,589.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,989 below what the ratio math suggests (24.3%).
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
45%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 107 SEVENTH AVE | 2025-08 | $260,000 | 909 | 62.5% |
| 105 W HOLLY AVE | 2025-12 | $265,000 | 918 | 56.6% |
| 405 WESLEY AVE | 2025-05 | $171,300 | 1,111 | 91.4% |
| 41 CIRCLE AVE | 2025-08 | $275,000 | 906 | 56.7% |
| 344 COLUMBIA AVE | 2026-03 | $330,000 | 900 | 61.8% |
| 101 ALCYON BLVD | 2025-07 | $165,000 | 801 | 85.2% |
| 131 NORTH AVE | 2025-04 | $207,000 | 949 | 55.3% |
| 213 EAST AVE | 2025-05 | $215,900 | 806 | 68.8% |
| 134 NORTH AVE | 2025-09 | $250,000 | 1,012 | 55.3% |
| 139 W HOLLY AVE | 2025-09 | $234,550 | 984 | 52.5% |
| 130 SIXTH AVE | 2025-05 | $245,000 | 896 | 64.2% |
| 125 TWELFTH AVE | 2026-05 | $185,000 | 974 | 69.6% |
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