The Fair Share Report

85 E 18th St

Avalon, NJ 07920

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

≈ $7,170,636

Likely range $5,824,022 – $8,331,478, from 12 comparable Avalon sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

54.28%

The state's official measure of how far Avalon assessments sit below market value — republished every October, applied town-wide. A $7,170,636 home should be assessed near $3,892,221.

Step 3 · Assessed value

$9,078,500

Set at the last town-wide revaluation and mostly frozen since. That's $5,186,279 above what the ratio math suggests (133.2%).

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

$0.607 per $100 assessed

$0.032 Schools · 5% $0.313 County · 52% $0.262 Town · 43%

Step 5 · The bill

$55,197/yr
Public schools$2,910
Cape May County$28,463
Town of Avalon$23,825
Avalon average$10,663

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

Town median 48.5%
This home · 126.6%

32%161%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (62.42%) — roughly $31,481/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
415 20TH STREET2026-03$8,087,0004,94147.8%
4120 BAYBERRY ROAD2025-10$5,200,0005,17451.6%
313 76TH STREET2025-10$6,500,0004,37244.6%
160 73RD STREET2025-11$8,000,0005,41269.0%
7749 DUNE DRIVE2025-08$5,050,0004,15668.5%
7418 DUNE DRIVE2025-09$6,000,0004,21864.6%
135 77TH STREET2025-05$6,000,0004,30168.5%
161 39TH STREET2025-11$6,100,0004,18242.8%
93 W 13TH STREET2025-04$4,300,0003,97055.3%
4765 FOURTH AVENUE2025-06$4,400,0003,45860.5%
94 E 24TH STREET2026-06$10,735,0004,09647.8%
4209 BAYBERRY ROAD2025-09$7,000,0004,21964.4%

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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 →