The Fair Share Report
5 Walker Ln
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 $583,111 – $679,225, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $638,446 home should be assessed near $590,371.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,371 below what the ratio math suggests (14.0%).
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
68%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 |
|---|---|---|---|---|
| 6 TALL OAKS DRIVE | 2025-08 | $539,900 | 2,429 | 91.5% |
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 222 WELLS MILLS ROAD | 2026-06 | $875,000 | 3,363 | 89.0% |
| 3 BAYVILLE WAY | 2025-08 | $670,000 | 2,196 | 81.0% |
| 121 MOREY PLACE ROAD | 2025-04 | $799,000 | 2,770 | 83.8% |
| 28 SPRUCE STREET | 2026-01 | $431,600 | 1,692 | 106.0% |
| 33 MANTOLOKING LA | 2026-05 | $645,000 | 2,196 | 86.6% |
| 7 DOCK AVENUE | 2025-06 | $582,500 | 2,058 | 98.5% |
| 1 CAPSTAN ROAD | 2025-09 | $1,185,000 | 2,232 | 79.6% |
| 13 BAYVIEW DRIVE | 2025-05 | $600,000 | 1,954 | 99.3% |
| 38 POINT PLEASANT LA | 2025-12 | $599,900 | 2,196 | 92.0% |
| 14 SEA BRIGHT WAY | 2025-11 | $661,000 | 2,286 | 86.5% |
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