The Fair Share Report

17 Prado Ct

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

≈ $346,739

Likely range $296,492 – $404,254, 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 $346,739 home should be assessed near $183,598.

Step 3 · Assessed value

$152,600

Set at the last town-wide revaluation and mostly frozen since. That's $30,998 below what the ratio math suggests (16.9%).

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

$3,952/yr
Public schools$1,851
Ocean County$888
Town of Berkeley$1,213
Berkeley average$5,442

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

Town median 46.3%
This home · 44.0%

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
41 WEDGEPORT DR2026-03$475,0001,44048.3%
208 PULASKI BLVD2025-08$399,0001,44049.0%
20 NORANDA ST2025-02$327,0001,44040.0%
42 PORTSMOUTH DR2025-03$340,0001,44053.1%
41 STOCKPORT DR2025-06$380,0001,44660.3%
2 WYCOMBE CT2025-06$355,0001,46150.3%
42 PULASKI BLVD2025-07$298,8001,44046.4%
199 CANTERBURY LN2025-08$290,0001,44153.5%
43 FREEPORT CT2025-09$370,0001,44036.8%
103 ORLANDO BLVD2025-03$307,0001,44047.1%
96 CHESTERFIELD LN2025-09$380,0001,44043.5%
60 WOODSTOCK DR2026-03$320,0001,44050.4%

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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 →