The Fair Share Report
508 Anglesea Ave
Ocean Gate, NJ 08740
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 $330,636 – $475,774, from 12 comparable Ocean Gate 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 Gate assessments sit below market value — republished every October, applied town-wide. A $384,242 home should be assessed near $351,005.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,695 above what the ratio math suggests (1.3%).
Step 4 · The tax rate — same for every Ocean Gate home
$0.870 Schools · 48% $0.345 County · 19% $0.605 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean Gate sale · assessed ÷ market
64%113%
Paying about right
This home's ratio lands inside Ocean Gate'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 |
|---|---|---|---|---|
| 205 ASBURY AVE | 2025-09 | $395,000 | 1,292 | 89.0% |
| 17 W ARVERNE AVE | 2025-06 | $270,000 | 1,012 | 147.8% |
| 210 W CAPE MAY AVE | 2026-04 | $379,000 | 1,120 | 89.8% |
| 12 E LONG BRANCH AVE | 2025-04 | $385,000 | 1,352 | 63.4% |
| 33 W BAYVIEW AVE | 2026-03 | $549,900 | 1,408 | 73.6% |
| 117 W ARVERNE AVE | 2026-05 | $364,000 | 864 | 77.2% |
| 344 E PT PLEASANT AVE | 2025-04 | $460,000 | 1,240 | 69.0% |
| 419 WILDWOOD AVE | 2026-06 | $345,000 | 1,055 | 93.6% |
| 639 E BAYVIEW AVE | 2026-05 | $475,000 | 1,102 | 71.4% |
| 646 E PT PLEASANT AVE | 2025-06 | $425,000 | 924 | 94.3% |
| 210 ASBURY AVE | 2025-06 | $385,000 | 1,312 | 83.5% |
| 13 W CAPE MAY AVE | 2025-06 | $415,000 | 1,081 | 71.1% |
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