The Fair Share Report
7 Third 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 $581,514 – $626,028, 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 $608,171 home should be assessed near $335,528.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,528 below what the ratio math suggests (2.8%).
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
35%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 |
|---|---|---|---|---|
| 147 SPRUCE CIR N | 2025-07 | $585,000 | 2,275 | 46.8% |
| 46 RAVENWOOD BLVD | 2025-11 | $625,000 | 2,274 | 48.5% |
| 25 APHRODITE DR | 2026-01 | $617,000 | 2,310 | 49.6% |
| 59 ROSE HILL RD | 2025-06 | $570,000 | 2,230 | 49.2% |
| 7 WILLOWTREE CT | 2026-03 | $640,000 | 2,560 | 51.8% |
| 7 WILLOWTREE CT | 2025-10 | $450,000 | 2,560 | 73.7% |
| 24 APHRODITE DR | 2025-05 | $680,000 | 2,369 | 52.4% |
| 28 EIGHTH ST | 2025-03 | $600,000 | 2,380 | 61.7% |
| 13 DORI LA | 2025-08 | $660,000 | 2,565 | 52.2% |
| 11 WHISPER WAY | 2025-08 | $725,000 | 2,476 | 47.8% |
| 148 BENGAL BLVD | 2025-10 | $590,000 | 2,544 | 58.8% |
| 50 HANNAH LEE RD | 2025-08 | $570,000 | 2,121 | 54.7% |
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