The Fair Share Report
515 Risley Rd
Brigantine, NJ 08203
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 $505,176 – $732,836, from 12 comparable Brigantine 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 Brigantine assessments sit below market value — republished every October, applied town-wide. A $556,162 home should be assessed near $289,594.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,994 below what the ratio math suggests (10.4%).
Step 4 · The tax rate — same for every Brigantine home
$0.477 Schools · 24% $0.754 County · 39% $0.722 Town · 37%
This home's own bill implies $1.857 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Brigantine sale · assessed ÷ market
30%65%
Paying about right
This home's ratio lands inside Brigantine'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 |
|---|---|---|---|---|
| 9 GULL COVE | 2026-02 | $535,000 | 1,304 | 50.4% |
| 289 40TH STREET SO | 2025-08 | $750,000 | 1,310 | 37.1% |
| 506 LAFAYETTE BLVD | 2025-06 | $701,990 | 1,320 | 37.1% |
| 1 LIGHTHOUSE COVE | 2025-07 | $570,000 | 1,260 | 41.2% |
| 6 LIGHTHOUSE COVE | 2025-09 | $530,000 | 1,332 | 48.1% |
| 7 LIGHTHOUSE COVE | 2026-01 | $610,000 | 1,276 | 59.4% |
| 3 LIGHTHOUSE COVE | 2025-11 | $540,000 | 1,356 | 44.2% |
| 101 W BRIGANTINE AVE | 2025-06 | $536,500 | 1,317 | 76.4% |
| 241 3RD STREET SO | 2025-05 | $575,000 | 1,343 | 47.4% |
| 501 E BRIGANTINE AVE | 2025-11 | $550,000 | 1,332 | 51.4% |
| 514 CAVERLY DR | 2025-06 | $450,000 | 1,252 | 64.0% |
| 2 SURF LANE | 2025-11 | $885,000 | 1,260 | 41.7% |
Is this your house?
Run your own report →