The Fair Share Report

80 Cyrus Ave

Pitman, NJ 08071

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

≈ $624,171

Likely range $555,688 – $729,248, from 12 comparable Pitman sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

73.31%

The state's official measure of how far Pitman assessments sit below market value — republished every October, applied town-wide. A $624,171 home should be assessed near $457,580.

Step 3 · Assessed value

$460,400

Set at the last town-wide revaluation and mostly frozen since. That's $2,820 above what the ratio math suggests (0.6%).

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

$3.595 per $100 assessed

$2.089 Schools · 58% $0.582 County · 16% $0.924 Town · 26%

Step 5 · The bill

$16,556/yr
Public schools$9,620
Gloucester County$2,680
Town of Pitman$4,255
Pitman average$8,619

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

Town median 64.2%
This home · 73.8%

50%90%

Paying about right

This home's ratio lands inside Pitman'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
72 CYRUS AVE2025-12$689,9003,94862.4%
300 POPLAR AVE2025-07$465,0002,40471.5%
300 POPLAR AVE2025-03$380,0002,40487.5%
518 CAREW AVE2025-07$750,0002,88573.0%
205 ADAMS AVE2026-03$556,0002,07960.9%
448 LAKE AVE2025-11$499,7502,58965.1%
103 N BRENTWOOD AVE2026-03$540,0002,23555.1%
413 COLUMBIA AVE2026-04$412,5001,95255.3%
407 N BROADWAY2025-08$420,0002,88563.4%
534 WAYNE AVE2025-11$412,5002,05264.8%
612 HOWARD AVE2025-07$500,0002,43571.9%
49 WILDWOOD AVE2026-06$630,0003,39765.9%

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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 →