The Fair Share Report
124 Bimini Dr
Berkeley, NJ 08757
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 $244,208 – $329,304, 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 $287,972 home should be assessed near $152,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,881 below what the ratio math suggests (29.4%).
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
27%68%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 108 BIMINI DR | 2025-05 | $272,000 | 1,124 | 41.1% |
| 287 COSTA MESA DR | 2025-01 | $317,500 | 1,161 | 35.6% |
| 28 BOCA RATON ST | 2026-04 | $170,000 | 1,124 | 60.8% |
| 205 BONAIRE DR | 2026-02 | $258,000 | 1,124 | 42.0% |
| 159 LIBERTA DR | 2026-01 | $333,000 | 1,124 | 50.5% |
| 11 BAHAMIA DR | 2025-11 | $244,000 | 1,124 | 43.6% |
| 405 COSTA MESA DR | 2025-06 | $294,000 | 1,124 | 38.0% |
| 21 NOSTRAND DR | 2026-01 | $200,000 | 1,153 | 66.8% |
| 10 INVERELL DR | 2025-09 | $345,000 | 1,161 | 49.7% |
| 25 REDHOOK BAY DR | 2025-02 | $315,000 | 1,161 | 36.9% |
| 18 BANNING CT | 2025-07 | $235,000 | 1,124 | 61.1% |
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