The Fair Share Report

528 Hudson Ave

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.

Step 1 · Market value

≈ $407,941

Likely range $379,956 – $417,954, from 12 comparable Pitman sales in the past 18 months, at this home's 1,798 sq ft.

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $407,941 home should be assessed near $299,062.

Step 3 · Assessed value

$297,100

Set at the last town-wide revaluation and mostly frozen since. That's $1,962 below what the ratio math suggests (0.7%).

Step 4 · The tax rate — same for every Pitman home

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$10,684/yr
Public schools$6,208
Gloucester County$1,730
Town of Pitman$2,746
Pitman average$8,619

This home vs. every recent Pitman sale · assessed ÷ market

Town median 64.2%
This home · 72.8%

50%90%

A touch high — worth watching

This home's ratio sits above most of Pitman, but doesn't clear NJ's legal appeal line (84.31%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
508 ALBERT AVE2025-12$400,0001,76360.4%
33 CEDAR AVE2025-12$423,3001,82169.8%
604 BOUNDARY RD2025-05$420,0001,90168.2%
412 ALCYON BLVD2026-04$375,0001,64865.5%
508 HUDSON AVE2026-03$389,9001,63458.8%
129 MAGNOLIA AVE2025-07$375,0001,96070.7%
403 HUDSON AVE2025-10$350,0001,57068.2%
178 ESPLANADE AVE2025-12$420,0002,01675.0%
420 TUOHY AVE2025-11$430,0001,60456.3%
28 S BRENTWOOD AVE2025-08$430,0001,59254.3%
503 HUDSON AVE2025-02$436,0002,13468.2%
604 MCKINLEY AVE2025-12$440,0001,66467.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →