The Fair Share Report
418 W Ave
Pitman, NJ 08071
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Pitman's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $246,150 – $412,565, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $363,373 home should be assessed near $266,389.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,589 below what the ratio math suggests (18.2%).
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
47%94%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 326 N BROADWAY | 2025-01 | $250,000 | 1,866 | 115.0% |
| 106 MCCLELLAND AVE | 2025-12 | $360,000 | 1,416 | 65.8% |
| 103 MYRTLE AVE | 2025-04 | $332,500 | 1,563 | 55.2% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 401 N BROADWAY | 2025-07 | $300,000 | 1,820 | 72.8% |
| 35 SIMPSON AVE | 2025-06 | $325,000 | 1,776 | 65.1% |
| 429 ROOSEVELT AVE | 2025-06 | $340,000 | 1,418 | 59.6% |
| 421 ROOSEVELT AVE | 2025-12 | $541,000 | 1,890 | 45.4% |
| 102 COLONIAL AVE | 2025-11 | $321,000 | 1,930 | 73.9% |
| 307 WILDWOOD AVE | 2025-03 | $360,000 | 1,497 | 68.1% |
| 55 KENTON AVE | 2026-02 | $480,000 | 2,135 | 62.1% |
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