The Fair Share Report

8301 Second Ave

Stone Harbor, NJ 08043

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

≈ $2,270,091

Likely range $1,682,531 – $3,130,921, from 12 comparable Stone Harbor sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

50.22%

The state's official measure of how far Stone Harbor assessments sit below market value — republished every October, applied town-wide. A $2,270,091 home should be assessed near $1,140,040.

Step 3 · Assessed value

$1,306,000

Set at the last town-wide revaluation and mostly frozen since. That's $165,960 above what the ratio math suggests (14.6%).

Step 4 · The tax rate — same for every Stone Harbor home

$0.775 per $100 assessed

$0.053 Schools · 7% $0.388 County · 50% $0.334 Town · 43%

Step 5 · The bill

$10,135/yr
Public schools$693
Cape May County$5,074
Town of Stone Harbor$4,368
Stone Harbor average$12,797

This home vs. every recent Stone Harbor sale · assessed ÷ market

Town median 44.4%
This home · 57.5%

28%83%

Paying about right

This home's ratio lands inside Stone Harbor'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
10108 SECOND AVE2026-02$3,100,0001,48043.5%
389 95TH ST2025-01$2,399,0001,74035.5%
283 86TH ST2025-05$2,325,0001,36451.4%
255 81ST STREET, SOUTH2025-02$1,315,0001,48860.6%
325 99TH ST2026-03$2,308,3331,44638.1%
271 106TH ST2025-01$2,450,0001,26044.6%
154 98TH ST2025-12$3,093,7501,24847.2%
230 101ST ST2025-10$2,300,0001,53832.6%
248 81ST ST UNIT A2026-03$1,599,0001,40052.1%
263 103RD ST EAST2025-04$1,900,0001,59845.6%
255 117TH ST2026-03$1,925,0001,39244.3%
254 89TH ST SOUTH2025-08$1,956,2501,49846.0%

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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 →