The Fair Share Report
518 Anglesea Ave
Ocean Gate, NJ 08040
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 $263,204 – $461,635, 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 $358,360 home should be assessed near $327,362.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,762 below what the ratio math suggests (12.5%).
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
57%114%
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 |
|---|---|---|---|---|
| 35 E BAYVIEW AVE | 2025-11 | $430,000 | 1,024 | 67.0% |
| 22 E CHELSEA AVE | 2025-04 | $305,000 | 972 | 97.4% |
| 419 WILDWOOD AVE | 2026-06 | $345,000 | 1,055 | 93.6% |
| 16 E AVALON AVE | 2025-10 | $378,500 | 1,421 | 82.1% |
| 149 E LONG BRANCH AVE | 2025-09 | $315,000 | 1,198 | 84.9% |
| 13 W CAPE MAY AVE | 2025-06 | $415,000 | 1,081 | 71.1% |
| 639 E BAYVIEW AVE | 2026-05 | $475,000 | 1,102 | 71.4% |
| 129 E ATLANTIC AVE | 2026-06 | $345,000 | 934 | 79.0% |
| 24 W PT PLEASANT AVE | 2026-05 | $379,000 | 810 | 91.1% |
| 29 E CHELSEA AVE | 2025-05 | $325,000 | 1,491 | 103.5% |
| 445 E CAPE MAY AVE | 2025-07 | $325,000 | 1,144 | 91.8% |
| 546 E BAYVIEW AVE | 2025-06 | $325,000 | 1,359 | 88.0% |
Is this your house?
Run your own report →