The Fair Share Report

789 First Ave

Avalon, NJ 08057

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

≈ $3,146,632

Likely range $2,870,752 – $3,795,306, from 12 comparable Avalon sales in the past 18 months, at this home's 2,926 sq ft.

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $3,146,632 home should be assessed near $1,707,992.

Step 3 · Assessed value

$1,767,500

Set at the last town-wide revaluation and mostly frozen since. That's $59,508 above what the ratio math suggests (3.5%).

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

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$10,746/yr
Public schools$567
Cape May County$5,541
Town of Avalon$4,638
Avalon average$10,663

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

Town median 48.5%
This home · 56.2%

32%70%

Paying about right

This home's ratio lands inside Avalon'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
954 AVALON AVENUE2026-03$3,940,0002,84847.6%
7423 OCEAN DRIVE2025-08$3,150,0002,93258.2%
73 W 25TH STREET2025-05$3,600,0002,96053.6%
283 6TH STREET2026-05$3,140,0003,01987.6%
83 E 13TH STREET2026-02$6,500,0002,75368.1%
138 8TH STREET2025-10$2,450,0002,77555.4%
3328 OCEAN DRIVE2025-11$2,995,0002,78548.0%
712 SUNRISE DRIVE2025-08$2,300,0002,82255.6%
162 33RD STREET2026-03$3,260,0002,57451.0%
3429 DUNE DRIVE2026-04$3,175,0002,75156.7%
178 37TH STREET2025-10$3,500,0002,56147.2%
9 E 11TH STREET2025-06$4,200,0003,23861.9%

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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 →