The Fair Share Report
529 Spruce 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $331,450 – $400,511, from 12 comparable Pitman sales in the past 18 months, at this home's 1,494 sq ft.
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 $367,115 home should be assessed near $269,132.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,232 below what the ratio math suggests (16.1%).
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%90%
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 |
|---|---|---|---|---|
| 510 ELM AVE | 2025-04 | $295,000 | 1,436 | 94.7% |
| 340 LEXINGTON AVE | 2025-03 | $240,000 | 1,390 | 125.7% |
| 622 SPRUCE AVE | 2026-05 | $335,000 | 1,510 | 63.5% |
| 115 WOODLYNE AVE | 2025-06 | $435,000 | 1,400 | 62.9% |
| 420 TUOHY AVE | 2025-11 | $430,000 | 1,604 | 56.3% |
| 28 S BRENTWOOD AVE | 2025-08 | $430,000 | 1,592 | 54.3% |
| 161 ESPLANADE AVE | 2025-04 | $342,000 | 1,344 | 59.6% |
| 510 GRANDVIEW AVE | 2026-06 | $375,000 | 1,365 | 54.2% |
| 107 ELM AVE | 2025-08 | $376,500 | 1,420 | 63.9% |
| 339 PITMAN AVE | 2025-07 | $345,000 | 1,404 | 67.3% |
| 604 MCKINLEY AVE | 2025-12 | $440,000 | 1,664 | 67.0% |
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
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