The Fair Share Report
507 Boundary Rd
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 $351,195 – $419,718, from 12 comparable Pitman sales in the past 18 months, at this home's 1,583 sq ft.
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 $360,209 home should be assessed near $264,069.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,431 above what the ratio math suggests (28.2%).
Step 4 · The tax rate — same for every Pitman home
$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%
Step 5 · The bill
This home vs. every recent Pitman sale · assessed ÷ market
50%102%
A touch high — worth watching
This home's ratio sits above most of Pitman, but doesn't clear NJ's legal appeal line (84.31%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
| 412 ALCYON BLVD | 2026-04 | $375,000 | 1,648 | 65.5% |
| 508 HUDSON AVE | 2026-03 | $389,900 | 1,634 | 58.8% |
| 28 S BRENTWOOD AVE | 2025-08 | $430,000 | 1,592 | 54.3% |
| 107 ELM AVE | 2025-08 | $376,500 | 1,420 | 63.9% |
| 420 TUOHY AVE | 2025-11 | $430,000 | 1,604 | 56.3% |
| 622 SPRUCE AVE | 2026-05 | $335,000 | 1,510 | 63.5% |
| 508 ALBERT AVE | 2025-12 | $400,000 | 1,763 | 60.4% |
| 604 MCKINLEY AVE | 2025-12 | $440,000 | 1,664 | 67.0% |
| 165 ESPLANADE AVE | 2025-03 | $310,000 | 1,672 | 68.5% |
| 510 ELM AVE | 2025-04 | $295,000 | 1,436 | 94.7% |
| 604 BOUNDARY RD | 2025-05 | $420,000 | 1,901 | 68.2% |
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