The Fair Share Report
7 E Herbert Ave
Long Beach, NJ 08006
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 $1,822,248 – $2,178,408, from 12 comparable Long Beach 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 Long Beach assessments sit below market value — republished every October, applied town-wide. A $1,983,285 home should be assessed near $1,297,267.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,667 below what the ratio math suggests (9.3%).
Step 4 · The tax rate — same for every Long Beach home
$0.253 Schools · 28% $0.439 County · 48% $0.220 Town · 24%
Step 5 · The bill
This home vs. every recent Long Beach sale · assessed ÷ market
38%81%
Paying about right
This home's ratio lands inside Long Beach'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 |
|---|---|---|---|---|
| 15 E 16TH STREET | 2025-03 | $2,100,000 | 2,052 | 54.7% |
| 13 W 19TH STREET | 2025-03 | $1,825,000 | 1,877 | 60.1% |
| 5 E 44TH STREET UA WEST | 2025-07 | $1,699,000 | 2,070 | 58.0% |
| 1805 BEACH AVE | 2026-03 | $2,479,999 | 2,055 | 51.7% |
| 10 W JEROME AVE | 2026-01 | $2,100,000 | 2,188 | 52.7% |
| 7 W SELFRIDGE AVE | 2025-08 | $2,150,000 | 2,239 | 47.8% |
| 4 E GOLDSBOROUGH AVE | 2026-05 | $2,050,000 | 2,040 | 52.8% |
| 127 E 13TH STREET | 2025-09 | $2,500,000 | 1,974 | 51.0% |
| 120 E 15TH STREET | 2025-12 | $3,100,000 | 2,415 | 47.5% |
| 31 W COLORADO AVE U-B | 2025-02 | $1,415,000 | 1,730 | 60.1% |
| 9 W HARDING AVE | 2026-05 | $2,460,000 | 2,384 | 48.5% |
| 9315 NORTH SUSAN LANE | 2026-01 | $1,700,000 | 1,868 | 46.7% |
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