The Fair Share Report
601 E St
Belmar, NJ 07719
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 $789,823 – $1,111,538, from 12 comparable Belmar sales in the past 18 months, at this home's 952 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Belmar assessments sit below market value — republished every October, applied town-wide. A $938,366 home should be assessed near $519,949.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,349 below what the ratio math suggests (18.1%).
Step 4 · The tax rate — same for every Belmar home
$0.599 Schools · 38% $0.350 County · 22% $0.620 Town · 40%
Step 5 · The bill
This home vs. every recent Belmar sale · assessed ÷ market
33%69%
Paying about right
This home's ratio lands inside Belmar'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 |
|---|---|---|---|---|
| 1803 SNYDER AVE | 2025-01 | $1,175,000 | 904 | 45.5% |
| 1236 MAPLEWOOD RD | 2026-03 | $620,000 | 923 | 39.9% |
| 1200 BAYVIEW AVE | 2025-03 | $750,000 | 904 | 45.8% |
| 116 FIFTEENTH AVE | 2026-03 | $1,150,000 | 756 | 41.4% |
| 105 TWELFTH AVE | 2025-10 | $800,000 | 811 | 75.3% |
| 200 SEVENTEENTH AVE | 2026-03 | $815,000 | 728 | 54.3% |
| 200 SEVENTEENTH AVE | 2025-03 | $850,000 | 728 | 52.0% |
| 1208 PINE TREE WAY | 2026-01 | $950,000 | 945 | 45.1% |
| 212.5 SIXTEENTH AVE | 2025-12 | $900,000 | 662 | 48.8% |
| 212.5 SIXTEENTH AVE | 2025-07 | $650,000 | 662 | 67.6% |
| 120 TENTH AVE., UNIT 4 | 2025-05 | $689,000 | 726 | 56.2% |
| 110 SEVENTEENTH AVE | 2025-10 | $1,170,000 | 1,187 | 58.7% |
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