The Fair Share Report

710 Auth Ave

Ocean, NJ 07755

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.

Step 1 · Market value

≈ $920,822

Likely range $630,377 – $1,204,820, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

94.25%

The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $920,822 home should be assessed near $867,875.

Step 3 · Assessed value

$750,400

Set at the last town-wide revaluation and mostly frozen since. That's $117,475 below what the ratio math suggests (13.5%).

Step 4 · The tax rate — same for every Ocean home

$1.319 per $100 assessed

$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%

Step 5 · The bill

$9,969/yr
Public schools$6,049
Monmouth County$1,692
Town of Ocean$2,228
Ocean average$12,291

This home vs. every recent Ocean sale · assessed ÷ market

Town median 95.5%
This home · 81.5%

57%124%

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)

AddressSoldPriceSq ftRatio
708 AUTH AVE2026-05$720,0002,10091.0%
713 CAROL AVE2025-01$725,0002,03292.5%
1806 HOLBROOK ST2025-06$799,0001,99898.6%
6 ARLINGTON ST2025-05$950,0001,94596.2%
220 BELMAR AVE2025-03$1,240,0001,84691.2%
813 ROSELD AVE2026-05$840,0001,94779.2%
41 DWIGHT DR2026-01$1,209,0002,037103.1%
246 JEROME AVE2025-01$1,160,0002,013117.9%
2 ROBERT PL2026-02$705,0002,079100.2%
11 SEWARD DR2026-06$895,0001,94189.4%
504 MONMOUTH RD2025-02$1,060,0001,888101.0%
227 CHATHAM AVE2026-06$1,333,8001,95268.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →