The Fair Share Report
425 Second Ave
Spring Lake, NJ 07762
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 $4,020,033 – $7,534,572, from 12 comparable Spring Lake 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 Spring Lake assessments sit below market value — republished every October, applied town-wide. A $5,966,572 home should be assessed near $5,451,657.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $752,057 below what the ratio math suggests (13.8%).
Step 4 · The tax rate — same for every Spring Lake home
$0.095 Schools · 21% $0.215 County · 47% $0.146 Town · 32%
Step 5 · The bill
This home vs. every recent Spring Lake sale · assessed ÷ market
57%122%
Paying about right
This home's ratio lands inside Spring Lake'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 |
|---|---|---|---|---|
| 204 SALEM AVE | 2025-02 | $2,175,000 | — | 71.0% |
| 420 LUDLOW AVE | 2026-05 | $4,900,000 | 4,114 | 92.4% |
| 112 MONROE AVE | 2025-05 | $8,200,000 | 6,288 | 98.8% |
| 414 ATLANTIC AVE | 2025-04 | $3,850,000 | 3,816 | 102.4% |
| 801 FIFTH AVE | 2025-04 | $5,225,000 | 6,312 | 86.2% |
| 2009 OCEAN AVE | 2026-04 | $6,475,000 | 4,201 | 88.5% |
| 113 SALEM AVE | 2025-02 | $3,850,000 | 4,058 | 101.7% |
| 11 PENNSYLVANIA AVE | 2025-04 | $5,150,000 | 3,716 | 91.9% |
| 113 YORK AVE | 2025-05 | $3,850,000 | 3,527 | 101.2% |
| 305 FOURTH AVE | 2026-03 | $3,100,000 | 4,119 | 80.5% |
| 118 WARREN AVE | 2026-06 | $9,750,000 | 5,828 | 71.0% |
| 221 HOWELL AVE | 2025-05 | $4,800,000 | 6,066 | 103.2% |
Is this your house?
Run your own report →