The Fair Share Report

6 Robert Dr

Ship Bottom, NJ 08088

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

≈ $1,376,049

Likely range $1,275,662 – $1,512,686, from 12 comparable Ship Bottom sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

53.09%

The state's official measure of how far Ship Bottom assessments sit below market value — republished every October, applied town-wide. A $1,376,049 home should be assessed near $730,544.

Step 3 · Assessed value

$704,000

Set at the last town-wide revaluation and mostly frozen since. That's $26,544 below what the ratio math suggests (3.6%).

Step 4 · The tax rate — same for every Ship Bottom home

$1.241 per $100 assessed

$0.249 Schools · 20% $0.567 County · 46% $0.425 Town · 34%

Step 5 · The bill

$8,737/yr
Public schools$1,753
Ocean County$3,992
Town of Ship Bottom$2,992
Ship Bottom average$8,589

This home vs. every recent Ship Bottom sale · assessed ÷ market

Town median 44.0%
This home · 51.2%

32%67%

Paying about right

This home's ratio lands inside Ship Bottom'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
901 OCEAN 3RD FLR #C09062025-10$1,555,0001,63551.9%
105 W 27TH ST2025-02$1,350,0001,40834.1%
1001 OCEAN 1ST FLR #C10012026-05$1,300,0001,26845.5%
901 OCEAN 1ST FLR #C09142025-01$1,200,0001,26849.5%
1001 OCEAN 1ST FLR #C10172026-02$1,175,0001,23950.9%
328 W 6TH ST2026-02$1,400,0001,15241.0%
216 W 5TH ST2025-08$1,225,0001,22437.4%
250 W 18TH ST2025-02$1,301,8501,72641.1%
354 W 11TH ST2025-07$1,100,0001,28431.8%
358 W 6TH ST2025-07$1,215,0001,76843.9%
357 W 10TH ST2025-10$1,550,0002,13140.6%
209 W 28TH ST2025-09$1,350,0001,32043.2%

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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 →