The Fair Share Report

10 Harmony Rd

Berkeley, NJ 08757

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

≈ $430,803

Likely range $358,941 – $471,274, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

52.95%

The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $430,803 home should be assessed near $228,110.

Step 3 · Assessed value

$198,600

Set at the last town-wide revaluation and mostly frozen since. That's $29,510 below what the ratio math suggests (12.9%).

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

$2.590 per $100 assessed

$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%

Step 5 · The bill

$5,144/yr
Public schools$2,409
Ocean County$1,156
Town of Berkeley$1,579
Berkeley average$5,442

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

Town median 46.3%
This home · 46.1%

30%68%

Paying about right

This home's ratio lands inside Berkeley'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
11 SOUTH POINT CT2025-07$380,0001,69235.6%
11 OLSTINS CT2026-05$355,0001,63839.8%
153 TORREY PINES DR2025-05$440,0001,72048.4%
73 VIRGIN ISLANDS DR2025-05$426,0001,72046.1%
5 TRENT DR2025-02$330,0001,61565.2%
9 WESTGATE CT2026-05$409,0001,72848.5%
4 RAVENNA CT2026-05$376,0001,73442.5%
9 TEMPLETON ST2025-06$450,0001,65646.3%
13 CANARIES CT2025-08$490,0001,76234.4%
187 PRINCE CHARLES DR2025-08$380,0001,74914.3%
26 BELMONT AVE2025-05$467,5001,71250.3%
9 ST FRANCOIS CT2026-04$580,0001,81225.4%

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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 →