The Fair Share Report
900 Brookside Ave
Ocean, NJ 07712
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 $800,892 – $1,381,009, 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 $1,083,678 home should be assessed near $1,021,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $93,967 below what the ratio math suggests (9.2%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.279 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
62%121%
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 |
|---|---|---|---|---|
| 608 CORLIES AVE | 2025-02 | $999,000 | 2,148 | 95.3% |
| 232 PINECREST RD | 2025-02 | $1,075,000 | 2,106 | 98.3% |
| 1503 S WANAMASSA DR | 2026-01 | $712,500 | 2,207 | 99.8% |
| 611 S EDGEMERE DR | 2025-01 | $1,650,000 | 2,160 | 97.1% |
| 239 CLIFTWOOD RD | 2025-04 | $1,320,000 | 2,294 | 74.6% |
| 224 CHATHAM AVE | 2026-05 | $900,000 | 1,971 | 104.9% |
| 40 ARNO ST | 2026-06 | $870,000 | 2,161 | 85.6% |
| 485 FREEHOLD ST | 2026-06 | $1,200,000 | 2,268 | 78.8% |
| 227 CHATHAM AVE | 2026-06 | $1,333,800 | 1,952 | 68.6% |
| 2 ROBERT PL | 2026-02 | $705,000 | 2,079 | 100.2% |
| 441 SLOCUM PL | 2026-05 | $1,650,000 | 2,242 | 82.0% |
| 224B COLD INDIAN SPRING R | 2026-04 | $849,500 | 2,160 | 95.5% |
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