The Fair Share Report
522 S Broadway
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 $302,152 – $439,752, from 12 comparable Pitman 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 Pitman assessments sit below market value — republished every October, applied town-wide. A $397,707 home should be assessed near $291,559.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,159 below what the ratio math suggests (7.9%).
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%94%
Paying about right
This home's ratio lands inside Pitman'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 |
|---|---|---|---|---|
| 326 N BROADWAY | 2025-01 | $250,000 | 1,866 | 115.0% |
| 401 N BROADWAY | 2025-07 | $300,000 | 1,820 | 72.8% |
| 429 BOULEVARD AVE | 2025-06 | $400,000 | 1,919 | 57.7% |
| 421 ROOSEVELT AVE | 2025-12 | $541,000 | 1,890 | 45.4% |
| 102 COLONIAL AVE | 2025-11 | $321,000 | 1,930 | 73.9% |
| 55 KENTON AVE | 2026-02 | $480,000 | 2,135 | 62.1% |
| 135 COLONIAL AVE | 2025-10 | $425,000 | 1,862 | 54.3% |
| 35 SIMPSON AVE | 2025-06 | $325,000 | 1,776 | 65.1% |
| 141 CRAFTON AVE | 2025-11 | $520,000 | 2,291 | 70.8% |
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 234 CRAFTON AVE | 2025-04 | $480,000 | 2,005 | 64.5% |
| 368 PITMAN AVE | 2026-02 | $360,000 | 1,830 | 62.5% |
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