The Fair Share Report

13 Biscayne St

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.

Step 1 · Market value

≈ $308,156

Likely range $246,561 – $400,699, 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 $308,156 home should be assessed near $163,169.

Step 3 · Assessed value

$137,000

Set at the last town-wide revaluation and mostly frozen since. That's $26,169 below what the ratio math suggests (16.0%).

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%

This home's own bill implies $2.408 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$3,298/yr
Public schools$1,545
Ocean County$741
Town of Berkeley$1,012
Berkeley average$5,442

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

Town median 46.3%
This home · 44.5%

29%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)

AddressSoldPriceSq ftRatio
1 SPANISH WELLS ST2026-05$285,0001,32843.9%
30 MARACAIBO PL2025-10$350,0001,32854.3%
8 NEWCASTLE CT2025-09$249,0001,32848.4%
94 HYANNIS ST2025-02$220,0001,32881.6%
15 ST EUSTATIUS ST2025-11$245,0001,32846.6%
2 HYANNIS ST2026-04$307,0001,32840.5%
60 CARLISLE RD2025-04$340,0001,31836.1%
4 ROMAN ST2025-03$385,0001,32844.6%
111 LANGLEY CT2025-07$409,0001,31831.8%
143 WESTBROOK DR2025-06$290,0001,31839.9%
154 BONAIRE DR2026-03$400,0001,36434.3%
119 HYANNIS ST2025-09$262,0001,36447.7%

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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 →