The Fair Share Report
5 Second St
Barnegat, NJ 08005
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 $584,269 – $646,208, from 12 comparable Barnegat 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 Barnegat assessments sit below market value — republished every October, applied town-wide. A $609,883 home should be assessed near $336,472.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,172 below what the ratio math suggests (13.4%).
Step 4 · The tax rate — same for every Barnegat home
$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%
Step 5 · The bill
This home vs. every recent Barnegat sale · assessed ÷ market
35%69%
Paying about right
This home's ratio lands inside Barnegat'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 |
|---|---|---|---|---|
| 15 HANNAH LEE RD | 2025-08 | $640,000 | 2,211 | 49.4% |
| 69 FREEDOM HILLS DRIVE | 2025-03 | $610,000 | 2,177 | 50.1% |
| 22 HANNAH LEE RD | 2025-07 | $623,000 | 2,211 | 48.8% |
| 17 HANNAH LEE RD | 2025-05 | $650,000 | 2,233 | 49.8% |
| 15 BENJAMIN CT | 2026-03 | $637,000 | 2,120 | 54.7% |
| 46 RAVENWOOD BLVD | 2025-11 | $625,000 | 2,274 | 48.5% |
| 5 FIFTH ST | 2025-02 | $542,000 | 2,476 | 61.9% |
| 174 PENNSYLVANIA AVE | 2025-01 | $655,000 | 2,476 | 50.8% |
| 116 ROCKRIMMON BLVD | 2025-10 | $612,500 | 2,283 | 61.2% |
| 19 JANELLE DR | 2025-09 | $650,000 | 2,491 | 53.4% |
| 12 JON DR | 2025-07 | $640,000 | 2,377 | 52.0% |
| 122 ROCKRIMMON BLVD | 2026-03 | $725,000 | 2,124 | 47.7% |
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