The Fair Share Report
8 Spruce St
Ocean, NJ 08758
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 $617,288 – $754,226, 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 $702,510 home should be assessed near $649,611.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,311 below what the ratio math suggests (1.0%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
68%110%
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 |
|---|---|---|---|---|
| 4 LETTS LANDING ROAD | 2025-09 | $420,000 | 3,035 | 118.7% |
| 55 MAIN STREET | 2026-03 | $585,000 | 2,864 | 75.7% |
| 89 POPLAR STREET | 2025-04 | $550,000 | 2,905 | 97.0% |
| 49 SPRING LAKE BLVD | 2025-04 | $671,250 | 3,081 | 98.2% |
| 16 BELMAR BLVD | 2026-03 | $567,000 | 2,888 | 108.2% |
| 52 STRATHMERE ST | 2025-09 | $718,500 | 3,068 | 81.3% |
| 105 SPRING LAKE BLVD | 2025-04 | $710,000 | 3,068 | 88.1% |
| 16 MILLSTONE WAY | 2025-09 | $715,000 | 3,081 | 88.8% |
| 11 BLUEBEARD DRIVE | 2025-03 | $1,078,000 | 3,274 | 100.0% |
| 109 SPRING LAKE BLVD | 2025-11 | $739,000 | 3,247 | 87.5% |
| 8 FAIR HAVEN WAY | 2026-06 | $744,500 | 3,068 | 87.9% |
| 158 BRIGANTINE BLVD | 2026-06 | $700,000 | 3,068 | 89.8% |
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