The Fair Share Report
7 Strathmere St
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.
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Step 1 · Market value
Likely range $535,899 – $688,129, 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 $631,391 home should be assessed near $583,847.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,753 above what the ratio math suggests (4.2%).
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%119%
Paying about right
This home's ratio lands inside Ocean'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 |
|---|---|---|---|---|
| 124 BRIGANTINE BLVD | 2025-01 | $685,000 | 2,673 | 86.2% |
| 66 STRATHMERE ST | 2025-05 | $535,000 | 2,611 | 103.0% |
| 34 SEA GIRT LN | 2025-03 | $600,000 | 2,523 | 100.0% |
| 32 EAGLESWOOD DR | 2026-05 | $620,000 | 2,673 | 86.6% |
| 109 OCEAN AVENUE | 2026-05 | $545,000 | 2,636 | 100.9% |
| 79 SPRING LAKE BLVD | 2026-05 | $600,000 | 2,673 | 98.1% |
| 5 LONGPORT CT | 2026-02 | $677,000 | 2,888 | 82.9% |
| 50 AVALON WAY | 2025-07 | $675,000 | 2,673 | 80.3% |
| 11 DEAL LN | 2025-04 | $580,000 | 2,888 | 90.8% |
| 33 HARVEY CEDAR WAY | 2026-02 | $745,000 | 2,783 | 83.3% |
| 46 BELMAR BLVD | 2026-03 | $595,000 | 3,068 | 97.9% |
| 3 BEACH HAVEN WAY | 2026-06 | $670,000 | 2,291 | 82.7% |
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