The Fair Share Report
644 E Ave
Bay Head, NJ 07945
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (64.50%) — roughly $8,539/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $1,906,596 – $2,499,668, from 12 comparable Bay Head 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 Bay Head assessments sit below market value — republished every October, applied town-wide. A $2,290,261 home should be assessed near $1,284,607.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $773,493 above what the ratio math suggests (60.2%).
Step 4 · The tax rate — same for every Bay Head home
$0.251 Schools · 23% $0.576 County · 52% $0.277 Town · 25%
Step 5 · The bill
This home vs. every recent Bay Head sale · assessed ÷ market
30%113%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 50 BRIDGE AVE | 2025-09 | $2,000,000 | 2,216 | 48.4% |
| 340 MAIN AVE | 2025-09 | $2,186,000 | 2,700 | 43.1% |
| 49 NORTH ST | 2025-02 | $1,990,000 | 2,481 | 50.0% |
| 630 MAIN AVE | 2025-07 | $2,340,000 | 2,328 | 49.8% |
| 258 OSBORNE AVE | 2026-04 | $2,090,000 | 2,315 | 37.3% |
| 463 LAKE AVE | 2025-05 | $2,875,000 | 2,138 | 35.0% |
| 26 BRIDGE AVE | 2025-07 | $4,700,000 | 3,421 | 43.3% |
| 162 PARK AVE | 2025-06 | $2,350,000 | 2,488 | 42.8% |
| 750 EAST AVE | 2026-02 | $4,650,000 | 3,405 | 56.6% |
| 440 LAKE AVE | 2026-01 | $1,834,000 | 1,824 | 41.4% |
| 190 OSBORNE AVE | 2026-05 | $1,400,000 | 1,904 | 48.8% |
| 36 BRIDGE AVE | 2025-01 | $2,275,000 | 2,756 | 45.7% |
Is this your house?
Run your own report →