The Fair Share Report
118 Beach Dr
Berkeley, NJ 07003
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 $384,582 – $557,161, from 12 comparable Berkeley 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 Berkeley assessments sit below market value — republished every October, applied town-wide. A $478,892 home should be assessed near $253,573.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $224,327 above what the ratio math suggests (88.5%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%130%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $5,810/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 91 WESTPORT DR | 2026-02 | $385,000 | 1,724 | 43.0% |
| 22 DOLPHIN CIRCLE WEST | 2026-03 | $580,000 | 1,817 | 43.9% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 37 BUTLER AVE | 2026-03 | $415,000 | 1,732 | 47.3% |
| 16 LENA CT | 2025-07 | $505,000 | 1,761 | 48.3% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
| 15 DOLPHIN CIRCLE WEST | 2026-05 | $515,000 | 1,642 | 45.7% |
| 127 SYLVAN LAKE BLVD | 2025-08 | $439,000 | 1,726 | 44.9% |
| 18 BLUE HERON LANE | 2025-05 | $585,000 | 1,579 | 44.0% |
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