The Fair Share Report
75 Dwight Dr
Ocean, NJ 07712
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 $961,116 – $2,363,717, 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 $1,450,242 home should be assessed near $1,366,853.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $487,347 above what the ratio math suggests (35.7%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
72%198%
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 |
|---|---|---|---|---|
| 150 SHERIDAN AVE | 2025-05 | $3,105,000 | 3,602 | 113.9% |
| 29 LAMBERT JOHNSON DR | 2025-03 | $890,000 | 3,452 | 113.8% |
| 270 JEROME AVE | 2025-05 | $2,450,000 | 3,359 | 93.5% |
| 451 W LINCOLN AVE | 2025-01 | $1,950,000 | 3,227 | 84.9% |
| 471 WEST PARK AVE | 2026-05 | $1,450,000 | 3,138 | 89.0% |
| 82 LARKIN PL | 2026-02 | $1,520,000 | 3,672 | 98.0% |
| 8 ROSS CT | 2026-06 | $2,500,000 | 3,508 | 78.4% |
| 5 NORTH WOODS RD | 2025-04 | $885,500 | 3,121 | 97.6% |
| 1218 WEST PARK AVE | 2026-03 | $1,400,000 | 3,953 | 94.3% |
| 10 NOTTINGHAM RD | 2025-02 | $1,130,000 | 3,354 | 97.3% |
| 9 TILTON DR | 2025-06 | $875,000 | 3,008 | 100.0% |
| 27 PAL DR | 2025-06 | $1,080,000 | 2,802 | 98.7% |
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