The Fair Share Report
427 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 $354,435 – $485,718, from 12 comparable Ocean sales in the past 18 months, at this home's 1,548 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 $400,345 home should be assessed near $370,199.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,499 below what the ratio math suggests (10.7%).
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
63%105%
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 |
|---|---|---|---|---|
| 51 OREGON AVENUE | 2026-05 | $375,500 | 1,640 | 81.4% |
| 82 BONITA ROAD | 2025-07 | $369,000 | 1,510 | 98.5% |
| 407 SIXTH STREET | 2025-03 | $300,000 | 1,560 | 91.2% |
| 339 SEMINOLE AVENUE | 2025-10 | $325,000 | 1,548 | 100.6% |
| 1 AVON LANE | 2025-09 | $429,000 | 1,489 | 77.1% |
| 5 NAVAJO DRIVE | 2025-09 | $477,500 | 1,798 | 74.2% |
| 10 ONEIDA AVENUE | 2025-07 | $450,000 | 1,740 | 77.9% |
| 209 SENECA BOULEVARD | 2025-01 | $620,000 | 1,756 | 91.1% |
| 5 POHATCONG AVENUE | 2025-09 | $402,000 | 1,308 | 74.1% |
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 305 FOURTH STREET | 2025-04 | $320,000 | 1,296 | 81.1% |
| 109 ENGLEWOOD AVENUE | 2026-05 | $771,000 | 1,789 | 71.0% |
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