The Fair Share Report

110 Midway Ave

Berkeley, NJ 08752

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

≈ $542,222

Likely range $413,043 – $666,667, from 12 comparable Berkeley sales in the past 18 months, at this home's 640 sq ft.

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 $542,222 home should be assessed near $287,107.

Step 3 · Assessed value

$341,400

Set at the last town-wide revaluation and mostly frozen since. That's $54,293 above what the ratio math suggests (18.9%).

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

$8,842/yr
Public schools$4,141
Ocean County$1,987
Town of Berkeley$2,714
Berkeley average$5,442

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

Town median 46.3%
This home · 63.0%

30%88%

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
108 MIDWAY AVE2026-01$700,00072048.8%
115 MIDWAY AVE2025-11$615,00057652.6%
37 ELEVENTH LANE2025-07$613,00061245.5%
237 BUTLER BLVD2026-04$475,00073642.1%
225 ROSEWOOD DR2025-06$485,00076047.7%
19 NINTH LANE2026-05$669,00057651.3%
27 ELEVENTH LANE2026-03$375,00057686.3%
29 TENTH LANE2026-02$600,00057651.1%
27 FOURTH LANE2025-03$549,00064850.3%
29 FOURTH LANE2025-02$467,00064859.5%
136 TWENTY-FOURTH AVE2025-01$777,77772650.2%
46 OCEAN AVE2025-02$600,00057699.0%

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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 →