The Fair Share Report

107 Patton Ave

Berkeley, NJ 08741

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

≈ $492,781

Likely range $452,991 – $654,554, 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 $492,781 home should be assessed near $260,928.

Step 3 · Assessed value

$339,500

Set at the last town-wide revaluation and mostly frozen since. That's $78,572 above what the ratio math suggests (30.1%).

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

$8,793/yr
Public schools$4,118
Ocean County$1,976
Town of Berkeley$2,699
Berkeley average$5,442

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

Town median 46.3%
This home · 68.9%

30%80%

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
13 CANARIES CT2025-08$490,0001,76234.4%
3 DRAKE DR2025-09$670,0001,88459.9%
187 PRINCE CHARLES DR2025-08$380,0001,74914.3%
1025 BAYVIEW AVE2025-10$751,0001,93175.8%
18 SKIMMER LANE2025-07$495,0001,72855.4%
69 MALLARD RD2025-12$470,0001,81457.1%
235 PRINCE CHARLES CT2025-11$419,0001,61518.5%
OCEAN & 22ND AVE2025-04$807,5001,50455.1%
7 BEDFORD CT2026-04$305,0001,64842.8%
44 WESTPORT DR2025-09$365,0001,51435.5%
103 SHEEPSHEAD DR2025-03$434,9001,51431.7%
122 WESTPORT DR2025-10$425,0001,60336.9%

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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 →