The Fair Share Report
1108 Berkeley Ave
Ocean, NJ 07712
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $613,874 – $870,348, from 12 comparable Ocean sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Ocean assessments sit below market value — republished every October, applied town-wide. A $810,046 home should be assessed near $763,468.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $169,368 below what the ratio math suggests (22.2%).
Step 4 · The tax rate — same for every Ocean home
$0.801 Schools · 61% $0.224 County · 17% $0.295 Town · 22%
This home's own bill implies $1.247 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Ocean sale · assessed ÷ market
63%110%
Paying about right
This home's ratio lands inside Ocean's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1409 CAMP AVE | 2025-05 | $649,000 | 1,768 | 100.1% |
| 510 BLANCHARD PKWY | 2026-04 | $1,600,000 | 1,739 | 67.5% |
| 605 CORLIES AVE | 2025-03 | $824,999 | 1,624 | 102.3% |
| 1602 LOGAN RD | 2025-05 | $750,000 | 1,611 | 92.1% |
| 24 BERGER AVE | 2026-04 | $1,100,000 | 1,804 | 81.8% |
| 1315 CHESTNUT AVE | 2026-01 | $639,000 | 1,624 | 99.0% |
| 1313 LAUREL AVE | 2025-05 | $545,000 | 1,503 | 105.9% |
| 608 CORLIES AVE | 2025-02 | $999,000 | 2,148 | 95.3% |
| 201 FREEHOLD ST | 2026-03 | $855,000 | 1,766 | 77.9% |
| 1416 UNAMI AVE | 2025-05 | $637,000 | 1,416 | 105.9% |
| 606 ALMA PL | 2026-03 | $790,000 | 1,720 | 83.9% |
| 606 ALMA PL | 2025-01 | $625,000 | 1,720 | 106.1% |
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