The Fair Share Report
511 Pitman 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 $382,470 – $425,971, from 12 comparable Pitman sales in the past 18 months, at this home's 1,872 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 $395,594 home should be assessed near $290,010.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,390 above what the ratio math suggests (10.8%).
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%90%
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 |
|---|---|---|---|---|
| 604 BOUNDARY RD | 2025-05 | $420,000 | 1,901 | 68.2% |
| 33 CEDAR AVE | 2025-12 | $423,300 | 1,821 | 69.8% |
| 178 ESPLANADE AVE | 2025-12 | $420,000 | 2,016 | 75.0% |
| 508 ALBERT AVE | 2025-12 | $400,000 | 1,763 | 60.4% |
| 130 WALNUT AVE | 2025-02 | $270,000 | 1,881 | 113.9% |
| 412 ALCYON BLVD | 2026-04 | $375,000 | 1,648 | 65.5% |
| 129 MAGNOLIA AVE | 2025-07 | $375,000 | 1,960 | 70.7% |
| 413 COLUMBIA AVE | 2026-04 | $412,500 | 1,952 | 55.3% |
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
| 503 HUDSON AVE | 2025-02 | $436,000 | 2,134 | 68.2% |
| 508 HUDSON AVE | 2026-03 | $389,900 | 1,634 | 58.8% |
| 22 ELM AVE | 2025-05 | $350,000 | 1,860 | 73.8% |
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