The Fair Share Report

132 Castleton 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.

Step 1 · Market value

≈ $316,932

Likely range $305,000 – $382,500, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,404 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 $316,932 home should be assessed near $167,815.

Step 3 · Assessed value

$127,700

Set at the last town-wide revaluation and mostly frozen since. That's $40,115 below what the ratio math suggests (23.9%).

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

$3,307/yr
Public schools$1,549
Ocean County$743
Town of Berkeley$1,015
Berkeley average$5,442

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

Town median 46.3%
This home · 40.3%

28%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
7 BEAVERBROOK DR2025-09$339,5001,40443.5%
14 CORTLANDT DR2025-03$382,5001,40439.0%
82 SPINNAKER CT2025-11$735,0001,40150.6%
52 CASTLETON DR2026-03$315,0001,40439.4%
24 ZEELAND DR2025-02$310,0001,40448.6%
119 CASTLETON DR2025-05$293,0001,40441.6%
27 FAIRFIELD RD2025-04$363,0001,40434.3%
23 FAIRFIELD RD2025-05$419,0001,40442.9%
156 CASTLETON DR2025-12$200,0001,40462.0%
4 NORWAY RD2025-07$349,0001,40438.5%
34 WESTPORT DR2025-07$290,0001,40460.5%
41 NOSTRAND DR2026-05$305,0001,40450.5%

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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 →