The Fair Share Report
506 W 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $343,081 – $392,236, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $370,868 home should be assessed near $271,883.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,283 below what the ratio math suggests (18.5%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
This home's own bill implies $3.483 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 BELLEVUE AVE | 2025-04 | $325,000 | 1,459 | 68.2% |
| 307 WILDWOOD AVE | 2025-03 | $360,000 | 1,497 | 68.1% |
| 128 OAKCREST AVE | 2025-11 | $410,000 | 1,711 | 62.5% |
| 40 BELLEVUE AVE | 2025-02 | $335,000 | 1,344 | 70.8% |
| 18 SENECA AVE | 2025-04 | $485,000 | 1,786 | 58.7% |
| 129 WILDWOOD AVE | 2025-06 | $435,000 | 1,673 | 60.0% |
| 307 GRANT AVE | 2025-03 | $315,000 | 1,325 | 64.5% |
| 103 MYRTLE AVE | 2025-04 | $332,500 | 1,563 | 55.2% |
| 502 BOULEVARD AVE | 2025-05 | $315,000 | 1,328 | 65.0% |
| 21 N FERNWOOD AVE | 2025-08 | $359,000 | 1,221 | 68.0% |
| 429 ROOSEVELT AVE | 2025-06 | $340,000 | 1,418 | 59.6% |
| 32 LINDEN AVE | 2025-11 | $315,000 | 1,382 | 75.4% |
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