The Fair Share Report
520 Fourth St
Absecon, NJ 08201
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 2 · The Director's Ratio
The state's official measure of how far Absecon assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Absecon home
$1.737 Schools · 49% $0.611 County · 17% $1.169 Town · 33%
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Absecon for a fairness verdict — the town's current median assessment ratio is 51.4%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 RUTH COURT | 2025-12 | $560,000 | 3,014 | 58.0% |
| 821 NEW YORK AVE | 2026-05 | $800,000 | 3,541 | 43.9% |
| 817 MARLBOROUGH AVE | 2025-08 | $487,920 | 4,410 | 68.5% |
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