The Fair Share Report
511 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 $366,288 – $497,796, 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 $381,185 home should be assessed near $348,212.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,712 below what the ratio math suggests (2.2%).
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
63%105%
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 |
|---|---|---|---|---|
| 445 E CAPE MAY AVE | 2025-07 | $325,000 | 1,144 | 91.8% |
| 707 NAVESINK AVE | 2026-06 | $440,000 | 1,200 | 76.1% |
| 210 ASBURY AVE | 2025-06 | $385,000 | 1,312 | 83.5% |
| 416 MONMOUTH AVE | 2026-02 | $500,000 | 1,680 | 80.4% |
| 334 E BAYVIEW AVE | 2025-06 | $550,000 | 1,288 | 86.2% |
| 546 E BAYVIEW AVE | 2025-06 | $325,000 | 1,359 | 88.0% |
| 510 NAVESINK AVE | 2025-06 | $395,000 | 1,363 | 90.2% |
| 40 W BARNEGAT AVE | 2025-10 | $485,000 | 1,081 | 73.4% |
| 16 E AVALON AVE | 2025-10 | $378,500 | 1,421 | 82.1% |
| 13 W CAPE MAY AVE | 2025-06 | $415,000 | 1,081 | 71.1% |
| 12 E LONG BRANCH AVE | 2025-04 | $385,000 | 1,352 | 63.4% |
| 29 E CHELSEA AVE | 2025-05 | $325,000 | 1,491 | 103.5% |
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