The Fair Share Report
5 Timber Dr
Ocean, NJ 07712
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 $832,461 – $1,222,967, from 12 comparable Ocean sales in the past 18 months, at this home's 2,799 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 $1,072,163 home should be assessed near $1,010,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,614 below what the ratio math suggests (6.8%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.273 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
72%119%
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 |
|---|---|---|---|---|
| 27 PAL DR | 2025-06 | $1,080,000 | 2,802 | 98.7% |
| 32 ELLEN CT | 2025-01 | $750,000 | 2,768 | 131.8% |
| 104 PEAR ST | 2026-04 | $999,000 | 2,608 | 126.3% |
| 6 CALVIN TERR | 2025-01 | $1,225,000 | 2,893 | 92.0% |
| 1906 FINDERNE ST | 2025-04 | $1,150,000 | 2,632 | 91.5% |
| 1 MICHAELS CT | 2026-06 | $1,792,500 | 2,378 | 70.9% |
| 9 TILTON DR | 2025-06 | $875,000 | 3,008 | 100.0% |
| 25 DWIGHT DR | 2025-02 | $1,400,000 | 2,457 | 96.2% |
| 8 HIGH RIDGE RD | 2025-02 | $860,000 | 2,942 | 100.7% |
| 9 MAHORAS DR | 2025-06 | $900,000 | 2,802 | 98.4% |
| 53 HILLSIDE TERR | 2025-01 | $690,000 | 2,320 | 105.8% |
| 186 WHALE POND RD | 2026-05 | $1,530,000 | 2,825 | 94.7% |
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