The Fair Share Report
8 Timber 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 $676,485 – $1,103,348, 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 $869,639 home should be assessed near $819,635.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,935 below what the ratio math suggests (8.7%).
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
62%116%
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 BROOKE ST | 2026-02 | $1,300,000 | 1,930 | 83.7% |
| 220 BELMAR AVE | 2025-03 | $1,240,000 | 1,846 | 91.2% |
| 14 SHIRLEY ANN DR | 2025-05 | $675,000 | 1,860 | 99.8% |
| 1806 HOLBROOK ST | 2025-06 | $799,000 | 1,998 | 98.6% |
| 504 MONMOUTH RD | 2025-02 | $1,060,000 | 1,888 | 101.0% |
| 813 ROSELD AVE | 2026-05 | $840,000 | 1,947 | 79.2% |
| 201 FREEHOLD ST | 2026-03 | $855,000 | 1,766 | 77.9% |
| 11 SEWARD DR | 2026-06 | $895,000 | 1,941 | 89.4% |
| 1 JEROME SMITH DR | 2025-01 | $660,000 | 1,944 | 100.5% |
| 6 ARLINGTON ST | 2025-05 | $950,000 | 1,945 | 96.2% |
| 7 TIMBER DR | 2025-03 | $750,000 | 1,722 | 97.2% |
| 713 CAROL AVE | 2025-01 | $725,000 | 2,032 | 92.5% |
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