The Fair Share Report
603 Cedar Ave
Pitman, NJ 08071
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 $285,580 – $405,043, 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 $373,318 home should be assessed near $273,679.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,079 below what the ratio math suggests (19.0%).
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
49%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 |
|---|---|---|---|---|
| 103 NINTH AVE | 2025-11 | $330,000 | 1,196 | 59.1% |
| 12 HAZEL AVE | 2026-01 | $290,000 | 1,140 | 55.5% |
| 106 MCCLELLAND AVE | 2025-12 | $360,000 | 1,416 | 65.8% |
| 34 EVERGREEN AVE | 2025-10 | $245,000 | 1,528 | 88.4% |
| 401 N BROADWAY | 2025-07 | $300,000 | 1,820 | 72.8% |
| 429 ROOSEVELT AVE | 2025-06 | $340,000 | 1,418 | 59.6% |
| 421 ROOSEVELT AVE | 2025-12 | $541,000 | 1,890 | 45.4% |
| 103 MYRTLE AVE | 2025-04 | $332,500 | 1,563 | 55.2% |
| 115 WOODLYNE AVE | 2025-06 | $435,000 | 1,400 | 62.9% |
| 147 S WOODBURY RD | 2025-06 | $375,000 | 1,320 | 65.7% |
| 33 MYRTLE AVE | 2025-10 | $347,000 | 1,296 | 70.9% |
| 302 WASHINGTON AVE | 2026-05 | $450,000 | 1,352 | 65.9% |
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