The Fair Share Report
604 Ocean Front
Lavallette, 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,266,823 – $1,684,119, from 12 comparable Lavallette 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 Lavallette assessments sit below market value — republished every October, applied town-wide. A $1,590,938 home should be assessed near $879,948.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $562,052 above what the ratio math suggests (63.9%).
Step 4 · The tax rate — same for every Lavallette home
$0.182 Schools · 18% $0.552 County · 54% $0.280 Town · 28%
Step 5 · The bill
This home vs. every recent Lavallette sale · assessed ÷ market
30%119%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.61%) — roughly $5,699/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 PHILADELPHIA AVE | 2025-02 | $1,650,000 | 1,613 | 55.2% |
| 118 CAMDEN AVE | 2025-10 | $989,000 | — | 37.9% |
| 111 HADDONFIELD AVE | 2025-04 | $1,512,500 | 1,784 | 38.1% |
| 116 NEWARK AVE | 2026-04 | $1,635,000 | 1,667 | 36.2% |
| 101 PRINCETON AVE | 2025-03 | $1,475,000 | 1,632 | 44.9% |
| 105 PHILADELPHIA AVE | 2025-09 | $1,350,000 | 1,440 | 47.1% |
| 225 BRYN MAWR AVE | 2026-04 | $1,825,000 | 1,895 | 51.5% |
| 11 GUYER AVE UNIT A | 2026-02 | $1,259,000 | 1,600 | 46.0% |
| 21 BROWN AVE U1 | 2025-11 | $1,120,000 | 1,600 | 51.7% |
| 21 BROWN AVE U2 | 2025-09 | $1,120,000 | 1,600 | 51.7% |
| 107 BAY BLVD | 2025-11 | $1,800,000 | 1,914 | 39.7% |
| 2400 OCEAN FRONT | 2025-12 | $2,817,500 | 1,861 | 62.3% |
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