The Fair Share Report
7 Second St
Barnegat, NJ 08005
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 $338,689 – $572,975, from 12 comparable Barnegat 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 Barnegat assessments sit below market value — republished every October, applied town-wide. A $389,394 home should be assessed near $214,829.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,629 below what the ratio math suggests (15.2%).
Step 4 · The tax rate — same for every Barnegat home
$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%
Step 5 · The bill
This home vs. every recent Barnegat sale · assessed ÷ market
26%69%
Paying about right
This home's ratio lands inside Barnegat'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 |
|---|---|---|---|---|
| 32 FIRST ST | 2026-01 | $350,000 | 1,208 | 47.5% |
| 12 NINTH ST | 2025-01 | $420,000 | 1,448 | 47.9% |
| 401-19B BAY SHORE DR | 2026-06 | $574,500 | 1,275 | 47.2% |
| 401-8B BAY SHORE DR | 2026-05 | $555,000 | 1,275 | 48.9% |
| 401-18B BAY SHORE DR | 2025-04 | $549,000 | 1,275 | 49.2% |
| 148A BAY SHORE DR | 2026-04 | $320,000 | 1,378 | 42.2% |
| 148A BAY SHORE DR | 2025-03 | $205,000 | 1,378 | 65.8% |
| 14 NINTH ST | 2026-06 | $499,900 | 1,531 | 40.5% |
| 11 NINTH ST | 2025-07 | $410,000 | 1,531 | 46.7% |
| 1016 WEST BAY AVE | 2026-04 | $400,000 | 1,628 | 45.0% |
| 44 TULSA DR SO | 2025-09 | $415,000 | 1,248 | 43.0% |
| 168 BEVERLY DR | 2025-12 | $370,000 | 1,200 | 48.6% |
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