The Fair Share Report
88 Dock Ave
Ocean, NJ 08758
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 $420,000 – $565,456, from 12 comparable Ocean sales in the past 18 months, at this home's 1,344 sq ft.
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 $430,000 home should be assessed near $397,621.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,821 below what the ratio math suggests (4.7%).
Step 4 · The tax rate — same for every Ocean home
$0.713 Schools · 45% $0.339 County · 21% $0.526 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
62%105%
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 DOLPHIN WAY | 2025-08 | $430,000 | 1,344 | 81.3% |
| 28 DOLPHIN WAY | 2026-06 | $430,000 | 1,344 | 80.7% |
| 71 RAILROAD AVENUE | 2025-01 | $509,000 | 1,288 | 68.3% |
| 103 ATLANTIC AVENUE | 2025-02 | $475,000 | 1,129 | 89.0% |
| 17 PENNSYLVANIA AVENUE | 2026-05 | $407,000 | 1,368 | 80.4% |
| 21 PEG LEG WAY | 2026-02 | $625,000 | 1,327 | 88.2% |
| 17 LONG JOHN SILVER WAY | 2025-10 | $645,000 | 1,306 | 86.0% |
| 12 ONE EYE WAY | 2025-07 | $550,000 | 1,396 | 105.1% |
| 16 DAVEY JONES WAY | 2026-04 | $600,000 | 1,402 | 92.0% |
| 8 VENTNOR CT | 2026-01 | $575,000 | 1,915 | 79.1% |
| 76 POPLAR STREET | 2026-02 | $360,000 | 1,170 | 69.1% |
| 45 LETTS LANDING ROAD | 2025-08 | $350,000 | 1,120 | 75.9% |
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