The Fair Share Report

135 Brooks Ave

Berkeley, NJ 07866

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

≈ $385,773

Likely range $269,614 – $440,801, 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 $385,773 home should be assessed near $204,267.

Step 3 · Assessed value

$132,600

Set at the last town-wide revaluation and mostly frozen since. That's $71,667 below what the ratio math suggests (35.1%).

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

$3,434/yr
Public schools$1,608
Ocean County$772
Town of Berkeley$1,054
Berkeley average$5,442

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

Town median 46.3%
This home · 34.4%

25%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
206 CORNELIUS ST2026-05$410,0001,02951.4%
17 GLENWOOD DR2025-06$449,9001,05248.6%
145 OCEAN GATE DR2025-04$440,0001,02036.0%
124 PATTON AVE2024-12$305,0001,09867.9%
34 DOCKAGE RD2026-02$410,0001,10050.0%
97 PHEASANT DR2025-12$399,00096045.9%
155 OCEAN GATE DR2025-05$401,00096039.5%
50 PARK AVE2025-10$427,00096046.8%
1046 EDGEBROOK DR EAST2026-03$215,0001,03146.3%
1042 EDGEBROOK DR EAST2025-03$245,0001,03142.1%
23 MALLARD RD2025-04$360,0001,15261.2%
15 BRIAN CT2025-04$227,5001,03163.6%

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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 →