The Fair Share Report

8 Sloop Ct

Barnegat, NJ 08005

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

≈ $332,045

Likely range $314,237 – $445,475, from 12 comparable Barnegat sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

55.17%

The state's official measure of how far Barnegat assessments sit below market value — republished every October, applied town-wide. A $332,045 home should be assessed near $183,189.

Step 3 · Assessed value

$151,700

Set at the last town-wide revaluation and mostly frozen since. That's $31,489 below what the ratio math suggests (17.2%).

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

$3.082 per $100 assessed

$1.527 Schools · 50% $0.562 County · 18% $0.993 Town · 32%

Step 5 · The bill

$4,677/yr
Public schools$2,317
Ocean County$853
Town of Barnegat$1,507
Barnegat average$7,607

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

Town median 48.5%
This home · 45.7%

29%69%

Paying about right

This home's ratio lands inside Barnegat'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
8 MIZZEN DR2025-08$480,0001,31236.0%
77 VILLAGE DR2025-05$400,0001,29238.1%
87 VILLAGE DR2026-02$325,0001,33446.8%
36 BOWLINE ST2025-09$320,0001,25248.3%
23 SEXTANT DR2026-02$410,0001,36838.7%
99 VILLAGE DR2026-01$320,0001,31149.1%
39 MIZZEN DR2026-03$325,0001,35839.6%
148A BAY SHORE DR2026-04$320,0001,37842.2%
148A BAY SHORE DR2025-03$205,0001,37865.8%
230 MONTCLAIR RD S2026-02$615,0001,31050.6%
15 TULSA DR NO2025-07$412,0001,25643.6%
113 VILLAGE DR2025-05$230,0001,24463.6%

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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 →