The Fair Share Report

54 Maple St

Ocean, NJ 08758

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

≈ $446,379

Likely range $349,097 – $635,166, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

92.47%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $446,379 home should be assessed near $412,767.

Step 3 · Assessed value

$387,000

Set at the last town-wide revaluation and mostly frozen since. That's $25,767 below what the ratio math suggests (6.2%).

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

$1.578 per $100 assessed

$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%

Step 5 · The bill

$6,107/yr
Public schools$2,759
Ocean County$1,312
Town of Ocean$2,036
Ocean average$7,377

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

Town median 84.0%
This home · 86.7%

55%116%

Paying about right

This home's ratio lands inside Ocean's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
10 ONEIDA AVENUE2025-07$450,0001,74077.9%
209 SENECA BOULEVARD2025-01$620,0001,75691.1%
211 WELLS MILLS ROAD2026-04$390,0001,82894.2%
339 SEMINOLE AVENUE2025-10$325,0001,548100.6%
109 ENGLEWOOD AVENUE2026-05$771,0001,78971.0%
122 ENGLEWOOD AVENUE2026-05$650,0001,80083.6%
309 FIFTH STREET2026-04$370,0001,95681.0%
407 SIXTH STREET2025-03$300,0001,56091.2%
23 BAYVIEW DRIVE2025-04$655,3331,67783.3%
51 OREGON AVENUE2026-05$375,5001,64081.4%
1 AVON LANE2025-09$429,0001,48977.1%
5 NAVAJO DRIVE2025-09$477,5001,79874.2%

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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 →