The Fair Share Report
508 Eighth Ave
Belmar, NJ 07719
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 $1,074,758 – $2,036,402, from 12 comparable Belmar 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 Belmar assessments sit below market value — republished every October, applied town-wide. A $1,387,287 home should be assessed near $768,696.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,396 below what the ratio math suggests (5.4%).
Step 4 · The tax rate — same for every Belmar home
$0.599 Schools · 38% $0.350 County · 22% $0.620 Town · 40%
Step 5 · The bill
This home vs. every recent Belmar sale · assessed ÷ market
30%73%
Paying about right
This home's ratio lands inside Belmar'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 |
|---|---|---|---|---|
| 707 NORTH LAKE DRIVE | 2025-10 | $2,199,999 | 1,918 | 39.8% |
| 504 ELEVENTH AVE | 2025-05 | $1,100,000 | 2,097 | 71.8% |
| 110 FIFTH AVE | 2025-04 | $2,049,999 | 2,639 | 62.0% |
| 1511 RIVER RD | 2025-07 | $1,050,000 | 2,617 | 40.3% |
| 405 TENTH AVE | 2026-01 | $1,525,000 | 2,403 | 52.3% |
| 113 TWELFTH AVE | 2026-03 | $1,400,000 | 2,153 | 49.6% |
| 1202 D ST | 2025-05 | $1,560,000 | 1,638 | 34.1% |
| 1002 B ST | 2025-02 | $1,250,000 | 2,388 | 60.0% |
| 501 NINTH AVE | 2025-05 | $889,000 | 2,127 | 64.5% |
| 208 FOURTH AVE | 2025-06 | $2,076,399 | 2,399 | 42.5% |
| 704 FIFTEENTH AVE | 2026-05 | $1,525,000 | 2,358 | 43.8% |
| 1801 A ST | 2025-12 | $1,200,000 | 2,280 | 59.1% |
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