The Fair Share Report
7 Compass Rd
Ocean, 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 $521,747 – $594,803, from 12 comparable Ocean 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 Ocean assessments sit below market value — republished every October, applied town-wide. A $551,312 home should be assessed near $509,798.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,702 above what the ratio math suggests (23.5%).
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%126%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,889/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 SO OLYMPIA DR | 2026-03 | $540,000 | 1,721 | 83.7% |
| 116 DOLLMORE AVENUE | 2026-03 | $635,000 | 2,096 | 94.2% |
| 23 BELMAR BLVD | 2025-03 | $550,000 | 1,834 | 82.1% |
| 32 RUMSON CT | 2024-12 | $500,000 | 1,822 | 91.1% |
| 130 ADMIRAL WAY | 2025-12 | $850,000 | 1,836 | 75.0% |
| 8 VENTNOR CT | 2026-01 | $575,000 | 1,915 | 79.1% |
| 8 EAGLESWOOD DR | 2025-07 | $544,000 | 1,881 | 76.6% |
| 37 PANCOAST RD | 2025-10 | $549,000 | 1,889 | 78.4% |
| 22 EAGLESWOOD DR | 2026-05 | $585,000 | 1,997 | 85.6% |
| 86 ILLINOIS AVENUE | 2025-08 | $505,000 | 1,980 | 78.7% |
| 42 EAGLESWOOD DR | 2025-08 | $535,000 | 1,915 | 83.3% |
| 54 PANCOAST RD | 2026-03 | $527,500 | 1,834 | 90.3% |
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