The Fair Share Report
538 E Ave
Bay Head, NJ 07450
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 $3,518,986 – $5,821,718, from 12 comparable Bay Head sales in the past 18 months, at this home's 4,263 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Bay Head assessments sit below market value — republished every October, applied town-wide. A $4,770,212 home should be assessed near $2,675,612.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,497,188 above what the ratio math suggests (93.3%).
Step 4 · The tax rate — same for every Bay Head home
$0.251 Schools · 23% $0.576 County · 52% $0.277 Town · 25%
Step 5 · The bill
This home vs. every recent Bay Head sale · assessed ÷ market
30%152%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (64.50%) — roughly $27,569/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 603 LAKE AVE | 2025-05 | $3,950,000 | 3,530 | 34.1% |
| 842 EAST AVE | 2025-08 | $4,500,000 | 3,601 | 60.5% |
| 858 CLAYTON AVE | 2025-04 | $6,100,000 | 3,572 | 67.2% |
| 824 MAIN AVE | 2026-04 | $3,098,500 | 2,953 | 41.6% |
| 750 EAST AVE | 2026-02 | $4,650,000 | 3,405 | 56.6% |
| 683 LAKE AVE | 2026-04 | $3,900,000 | 3,152 | 27.2% |
| 188 PARK AVE | 2025-06 | $2,499,999 | 2,670 | 41.5% |
| 26 BRIDGE AVE | 2025-07 | $4,700,000 | 3,421 | 43.3% |
| 717 EAST AVE | 2026-06 | $16,000,000 | 4,026 | 38.5% |
| 22 CEDAR DRIVE | 2025-07 | $1,400,000 | 2,758 | 63.9% |
| 289 OSBORNE AVE | 2025-09 | $1,500,000 | 2,320 | 54.0% |
| 340 MAIN AVE | 2025-09 | $2,186,000 | 2,700 | 43.1% |
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