The Fair Share Report
71 Main 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $364,385 – $479,461, 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 $402,974 home should be assessed near $372,630.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,930 below what the ratio math suggests (23.3%).
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
54%105%
Keep quiet and enjoy it
This home's assessment ratio sits below the Ocean pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 87 BONITA ROAD | 2025-10 | $430,000 | 1,190 | 68.9% |
| 72 BARNEGAT BEACH DRIVE | 2025-05 | $395,000 | 1,408 | 85.4% |
| 108 BALTIC AVENUE | 2026-01 | $347,500 | 1,244 | 81.5% |
| 305 FOURTH STREET | 2025-04 | $320,000 | 1,296 | 81.1% |
| 17 LONG JOHN SILVER WAY | 2025-10 | $645,000 | 1,306 | 86.0% |
| 5 POHATCONG AVENUE | 2025-09 | $402,000 | 1,308 | 74.1% |
| 305 THIRD STREET | 2025-03 | $375,000 | 1,308 | 79.9% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
| 21 PEG LEG WAY | 2026-02 | $625,000 | 1,327 | 88.2% |
| 85 HOLLY DRIVE | 2025-01 | $350,000 | 1,229 | 86.1% |
| 28 DOLPHIN WAY | 2026-06 | $430,000 | 1,344 | 80.7% |
| 4 DOLPHIN WAY | 2025-08 | $430,000 | 1,344 | 81.3% |
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