The Fair Share Report
85 Larkin Pl
Ocean, NJ 07755
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 $828,702 – $1,244,356, 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 $926,609 home should be assessed near $873,329.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $219,071 above what the ratio math suggests (25.1%).
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
72%137%
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 |
|---|---|---|---|---|
| 27 PAL DR | 2025-06 | $1,080,000 | 2,802 | 98.7% |
| 32 ELLEN CT | 2025-01 | $750,000 | 2,768 | 131.8% |
| 104 PEAR ST | 2026-04 | $999,000 | 2,608 | 126.3% |
| 9 TILTON DR | 2025-06 | $875,000 | 3,008 | 100.0% |
| 1 MICHAELS CT | 2026-06 | $1,792,500 | 2,378 | 70.9% |
| 66 COLD INDIAN SPRING RD | 2026-02 | $740,000 | 2,432 | 98.3% |
| 53 HILLSIDE TERR | 2025-01 | $690,000 | 2,320 | 105.8% |
| 22 ROSLYN DR | 2025-05 | $1,220,000 | 2,250 | 81.3% |
| 11 STANDISH DR | 2026-05 | $1,237,500 | 2,978 | 90.0% |
| 130 WOOLLEY COURT | 2026-04 | $850,000 | 2,875 | 96.9% |
| 139 WOOLLEY COURT | 2025-04 | $880,000 | 2,875 | 100.4% |
| 2 PELICAN CT | 2026-01 | $1,335,000 | 2,821 | 90.5% |
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