The Fair Share Report
51 Fourth 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 $252,013 – $300,289, 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 $273,468 home should be assessed near $200,479.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,879 below what the ratio math suggests (22.4%).
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 $3.435 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
46%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 |
|---|---|---|---|---|
| 189 EAST AVE | 2026-05 | $257,500 | 1,116 | 63.8% |
| 12 HAZEL AVE | 2026-01 | $290,000 | 1,140 | 55.5% |
| 134 NORTH AVE | 2025-09 | $250,000 | 1,012 | 55.3% |
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 158 WEST AVE | 2025-01 | $274,900 | 1,028 | 54.4% |
| 139 W HOLLY AVE | 2025-09 | $234,550 | 984 | 52.5% |
| 405 WESLEY AVE | 2025-05 | $171,300 | 1,111 | 91.4% |
| 125 TWELFTH AVE | 2026-05 | $185,000 | 974 | 69.6% |
| 174 NORTH AVE | 2025-06 | $312,000 | 1,240 | 55.8% |
| 131 NORTH AVE | 2025-04 | $207,000 | 949 | 55.3% |
| 7 WEST AVE | 2025-06 | $290,000 | 1,140 | 52.5% |
| 231 WEST AVE | 2025-06 | $315,000 | 1,286 | 71.7% |
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