The Fair Share Report

950 E Ave

Mantoloking, NJ 07960

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

≈ $2,692,939

Likely range $2,097,478 – $2,967,951, from 7 comparable Mantoloking sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

58.93%

The state's official measure of how far Mantoloking assessments sit below market value — republished every October, applied town-wide. A $2,692,939 home should be assessed near $1,586,949.

Step 3 · Assessed value

$1,343,900

Set at the last town-wide revaluation and mostly frozen since. That's $243,049 below what the ratio math suggests (15.3%).

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

$0.911 per $100 assessed

$0.016 Schools · 2% $0.578 County · 63% $0.318 Town · 35%

Step 5 · The bill

$12,256/yr
Public schools$215
Ocean County$7,768
Town of Mantoloking$4,274
Mantoloking average$25,985

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

Town median 45.9%
This home · 49.9%

32%73%

Paying about right

This home's ratio lands inside Mantoloking's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
978 EAST AVENUE2025-12$3,200,9782,19042.9%
1027 BARNEGAT LANE2025-03$2,100,0001,37742.5%
1019 BARNEGAT LANE2026-04$2,813,0002,56439.0%
1035 BARNEGAT LANE2025-06$3,295,0002,62842.7%
1097 BARNEGAT LANE2025-12$2,700,0002,94655.6%
1123 BARNEGAT LANE2025-09$4,100,0003,04554.5%
920 EAST AVENUE2026-02$4,500,0003,52845.4%

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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 →