The Fair Share Report
67 Dock Ave
Ocean, NJ 08758
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 (100.00%) — roughly $4,290/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $427,984 – $537,393, from 12 comparable Ocean sales in the past 18 months, at this home's 1,364 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $472,517 home should be assessed near $436,936.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $271,864 above what the ratio math suggests (62.2%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%171%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 28 DOLPHIN WAY | 2026-06 | $430,000 | 1,344 | 80.7% |
| 4 DOLPHIN WAY | 2025-08 | $430,000 | 1,344 | 81.3% |
| 88 DOCK AVENUE | 2025-07 | $480,000 | 1,344 | 78.9% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
| 103 ATLANTIC AVENUE | 2025-02 | $475,000 | 1,129 | 89.0% |
| 46 SHIP BOTTOM LN | 2025-02 | $600,000 | 1,732 | 85.1% |
| 95 OREGON AVENUE | 2025-04 | $460,000 | 1,200 | 78.1% |
| 121 MARINE ROAD | 2026-02 | $850,000 | 1,841 | 83.2% |
| 17 PENNSYLVANIA AVENUE | 2026-05 | $407,000 | 1,368 | 80.4% |
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 8 VENTNOR CT | 2026-01 | $575,000 | 1,915 | 79.1% |
| 12 ONE EYE WAY | 2025-07 | $550,000 | 1,396 | 105.1% |
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