The Fair Share Report

4765 Fourth Ave

Avalon, NJ 08033

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

≈ $4,201,853

Likely range $3,612,766 – $4,787,134, from 12 comparable Avalon sales in the past 18 months, at this home's 3,458 sq ft.

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $4,201,853 home should be assessed near $2,280,766.

Step 3 · Assessed value

$2,660,900

Set at the last town-wide revaluation and mostly frozen since. That's $380,134 above what the ratio math suggests (16.7%).

Step 4 · The tax rate — same for every Avalon home

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$16,178/yr
Public schools$853
Cape May County$8,342
Town of Avalon$6,983
Avalon average$10,663

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

Town median 48.5%
This home · 63.3%

32%79%

Paying about right

This home's ratio lands inside Avalon'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
283 6TH STREET2026-05$3,140,0003,01987.6%
73 W 25TH STREET2025-05$3,600,0002,96053.6%
712 SUNRISE DRIVE2025-08$2,300,0002,82255.6%
274 64TH STREET2025-01$4,575,0003,65460.1%
274 68TH STREET2026-05$4,000,0003,35960.8%
3328 OCEAN DRIVE2025-11$2,995,0002,78548.0%
176 24TH STREET2025-06$3,575,0003,31249.1%
270 19TH STREET2025-07$3,500,0003,35550.3%
74 W 7TH STREET2026-06$4,800,0003,46762.5%
4640 OCEAN DRIVE2025-02$4,750,0002,58833.2%
40 E 13TH STREET2025-11$5,662,5003,52247.2%
9 E 11TH STREET2025-06$4,200,0003,23861.9%

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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 →