The Fair Share Report

453 E Holly 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

≈ $497,983

Likely range $457,083 – $530,094, from 12 comparable Pitman sales in the past 18 months, at this home's 2,194 sq ft.

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 $497,983 home should be assessed near $365,071.

Step 3 · Assessed value

$292,600

Set at the last town-wide revaluation and mostly frozen since. That's $72,471 below what the ratio math suggests (19.9%).

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

$10,522/yr
Public schools$6,114
Gloucester County$1,703
Town of Pitman$2,704
Pitman average$8,619

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

Town median 64.2%
This home · 58.8%

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
103 N BRENTWOOD AVE2026-03$540,0002,23555.1%
69 COLONIAL AVE2025-11$539,9002,45069.7%
422 ROOSEVELT AVE2025-04$347,0001,98969.5%
329 PITMAN AVE2025-01$450,0002,05772.1%
22 ELM AVE2025-05$350,0001,86073.8%
16 KENTON AVE2025-11$530,0002,28265.3%
368 PITMAN AVE2026-02$360,0001,83062.5%
508 LAKEVIEW AVE2026-05$575,0001,74448.7%
141 CRAFTON AVE2025-11$520,0002,29170.8%
39 ELM AVE2026-06$475,0001,69256.2%
234 CRAFTON AVE2025-04$480,0002,00564.5%
205 ADAMS AVE2026-03$556,0002,07960.9%

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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 →