The Fair Share Report
545 W Ave
Pitman, NJ 08062
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 $291,577 – $358,577, 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 $327,088 home should be assessed near $239,788.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,288 below what the ratio math suggests (21.4%).
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
47%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 |
|---|---|---|---|---|
| 107 ELM AVE | 2025-08 | $376,500 | 1,420 | 63.9% |
| 620 VASSAR AVE | 2025-04 | $352,000 | 1,274 | 69.1% |
| 153 W JERSEY AVE | 2026-04 | $304,000 | 1,400 | 65.3% |
| 403 HUDSON AVE | 2025-10 | $350,000 | 1,570 | 68.2% |
| 16 ADAMS AVE | 2026-05 | $430,000 | 1,334 | 64.3% |
| 16 ADAMS AVE | 2025-05 | $365,000 | 1,334 | 75.7% |
| 502 BOULEVARD AVE | 2025-05 | $315,000 | 1,328 | 65.0% |
| 616 HIGHLAND TER | 2025-06 | $375,000 | 1,205 | 59.3% |
| 445 LOCUST AVE UNIT 5102 | 2025-09 | $257,500 | 1,161 | 48.5% |
| 518 WESLEY AVE | 2025-12 | $300,000 | 1,262 | 58.9% |
| 19 LAUREL AVE | 2025-06 | $337,000 | 1,326 | 56.3% |
| 510 GRANDVIEW AVE | 2026-06 | $375,000 | 1,365 | 54.2% |
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