The Fair Share Report
901 E Anglesea Ave
Ocean Gate, NJ 08740
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 $194,776 – $284,512, from 12 comparable Ocean Gate 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 Gate assessments sit below market value — republished every October, applied town-wide. A $228,139 home should be assessed near $208,405.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,305 below what the ratio math suggests (1.6%).
Step 4 · The tax rate — same for every Ocean Gate home
$0.870 Schools · 48% $0.345 County · 19% $0.605 Town · 33%
Step 5 · The bill
This home vs. every recent Ocean Gate sale · assessed ÷ market
64%111%
Paying about right
This home's ratio lands inside Ocean Gate'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 |
|---|---|---|---|---|
| 231 E LAKEWOOD AVE | 2025-07 | $428,000 | 738 | 77.4% |
| 16 E BAYVIEW AVE | 2025-06 | $375,000 | 792 | 79.2% |
| 117 W ARVERNE AVE | 2026-05 | $364,000 | 864 | 77.2% |
| 611 OCEAN GATE AVE | 2025-02 | $385,000 | 867 | 75.5% |
| 21 W BAYVIEW AVE | 2026-01 | $210,000 | — | 96.6% |
| 646 E PT PLEASANT AVE | 2025-06 | $425,000 | 924 | 94.3% |
| 339 E LAKEWOOD AVE | 2025-09 | $255,000 | 750 | 98.9% |
| 20 E LONGPORT AVE | 2025-11 | $477,500 | 864 | 97.1% |
| 144 E ARVERNE AVE | 2025-03 | $340,000 | 864 | 83.2% |
| 20 E LONGPORT AVE | 2025-01 | $350,000 | 864 | 132.5% |
| 319 MONMOUTH AVE | 2026-06 | $679,501 | 880 | 66.4% |
| 17 W ARVERNE AVE | 2025-06 | $270,000 | 1,012 | 147.8% |
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