The Fair Share Report

109 Harbor Ct

Berkeley, NJ 08741

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

The numbers support an appeal

Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (60.89%) — roughly $10,276/yr at stake. NJ appeals are generally due April 1.

Step 1 · Market value

≈ $727,152

Likely range $668,722 – $815,237, 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 $727,152 home should be assessed near $385,027.

Step 3 · Assessed value

$781,800

Set at the last town-wide revaluation and mostly frozen since. That's $396,773 above what the ratio math suggests (103.1%).

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

$20,249/yr
Public schools$9,483
Ocean County$4,550
Town of Berkeley$6,215
Berkeley average$5,442

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

Town median 46.3%
This home · 107.5%

30%122%

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

AddressSoldPriceSq ftRatio
148 COLLERAN PL2025-04$620,0002,81648.3%
148 MANHATTAN AVE2025-07$758,0002,68050.3%
1 PADDOCK CT2026-03$832,5002,91153.8%
18 FOURTH AVE2026-02$605,0002,55651.0%
129 MANHATTAN AVE2026-05$750,0002,79252.2%
6 SURLE CT2025-09$812,0002,59247.0%
1095 BAYVIEW AVE2025-05$750,0002,47653.5%
10 BUTTERNUT LANE2025-10$680,0002,56753.6%
4 BRIDLE PATH2025-08$719,9002,46547.8%
3 DALE CT2025-03$735,0002,84858.5%
301 HOOVER AVE2026-06$740,0002,81150.9%
7 KEVIN COURT2025-11$835,0002,78762.6%

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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 →