The Fair Share Report
52 Johnson St
Ocean, NJ 08758
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.
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Step 1 · Market value
Likely range $506,620 – $703,948, from 12 comparable Ocean 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 assessments sit below market value — republished every October, applied town-wide. A $629,985 home should be assessed near $582,547.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,347 below what the ratio math suggests (9.3%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%110%
Paying about right
This home's ratio lands inside Ocean'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 |
|---|---|---|---|---|
| 6 TALL OAKS DRIVE | 2025-08 | $539,900 | 2,429 | 91.5% |
| 28 SPRUCE STREET | 2026-01 | $431,600 | 1,692 | 106.0% |
| 12 NO OLYMPIA DR | 2026-06 | $550,000 | 2,056 | 87.6% |
| 95 ATLANTIC AVENUE | 2025-01 | $715,000 | 2,345 | 90.2% |
| 11 BLUEBEARD DRIVE | 2025-03 | $1,078,000 | 3,274 | 100.0% |
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 11 TILLER DRIVE | 2026-01 | $405,000 | 1,998 | 96.0% |
| 110 MARINE ROAD | 2025-03 | $499,999 | 2,388 | 99.6% |
| 7 DOCK AVENUE | 2025-06 | $582,500 | 2,058 | 98.5% |
| 59 ATLANTIC AVENUE | 2025-06 | $485,000 | 1,876 | 76.4% |
| 211 WELLS MILLS ROAD | 2026-04 | $390,000 | 1,828 | 94.2% |
| 83 SPRING LAKE BLVD | 2025-11 | $675,000 | 2,291 | 81.1% |
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