The Fair Share Report
757 Third St
Somers Point, NJ 08077
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 $274,628 – $461,020, from 12 comparable Somers Point 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 Somers Point assessments sit below market value — republished every October, applied town-wide. A $401,879 home should be assessed near $225,575.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $80,375 below what the ratio math suggests (35.6%).
Step 4 · The tax rate — same for every Somers Point home
$1.904 Schools · 51% $0.674 County · 18% $1.144 Town · 31%
Step 5 · The bill
This home vs. every recent Somers Point sale · assessed ÷ market
26%70%
Paying about right
This home's ratio lands inside Somers Point'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 |
|---|---|---|---|---|
| 20 W JOHNSON AVE | 2025-05 | $200,000 | 1,040 | 70.2% |
| 611 FIRST ST | 2026-04 | $350,000 | 958 | 54.6% |
| 35 W OCEAN AVE | 2025-08 | $400,000 | 1,172 | 43.3% |
| 28 E NEW YORK AVE | 2026-05 | $640,000 | 1,015 | 34.8% |
| 14 E JOHNSON AVE | 2025-07 | $535,000 | 1,412 | 37.0% |
| 115 E CEDAR AVE | 2025-05 | $461,000 | 1,126 | 41.0% |
| 744 SECOND ST | 2026-01 | $300,000 | 1,334 | 57.1% |
| 322 W CONNECTICUT AVE | 2025-12 | $379,900 | 1,200 | 39.6% |
| 24 MILLER LN | 2026-04 | $399,000 | 948 | 48.0% |
| 508 W NEW JERSEY AVE | 2025-12 | $440,000 | 996 | 42.7% |
| 28 E GROVELAND AVE | 2025-03 | $460,000 | 1,220 | 35.5% |
| 123 PENNSYLVANIA AVE | 2026-04 | $435,000 | 1,358 | 42.4% |
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