The Fair Share Report

17 Bahamia 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

≈ $401,343

Likely range $357,573 – $431,406, 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 $401,343 home should be assessed near $212,511.

Step 3 · Assessed value

$179,600

Set at the last town-wide revaluation and mostly frozen since. That's $32,911 below what the ratio math suggests (15.5%).

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

$4,652/yr
Public schools$2,179
Ocean County$1,045
Town of Berkeley$1,428
Berkeley average$5,442

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

Town median 46.3%
This home · 44.7%

30%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
66 LIBERTA DR2025-12$409,9001,60853.3%
12 NELSON CT2026-01$420,0001,58044.4%
253 WESTBROOK DR2025-02$382,4001,51434.1%
10 SEVILLE PL2026-05$245,0001,53153.0%
23 PORT ROYAL DR2025-10$365,0001,59256.0%
82 SCOTT CT2026-04$530,0001,60444.2%
36 BUENA VISA DR2025-03$380,0001,58052.7%
8 SANTIAGO DR WEST2025-03$399,0001,58051.8%
431 COSTA MESA DR2025-07$395,0001,47247.8%
16 MANASSAS DR2025-12$415,0001,51436.7%
44 WHITAKER DR2025-06$370,0001,51441.5%
30 NOSTRAND DR2025-10$434,9001,49445.6%

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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 →