The Fair Share Report
17 Sheepshead 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $258,072 – $655,043, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $347,060 home should be assessed near $183,768.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,168 below what the ratio math suggests (10.4%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.438 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
20%69%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 73 SHEEPSHEAD DR | 2025-09 | $307,000 | 1,360 | 50.3% |
| 73 WHITMORE DR | 2025-08 | $355,000 | 1,360 | 42.6% |
| 2 ST ANDREWS CT | 2025-01 | $275,000 | 1,364 | 46.3% |
| 9 MORONGO CT | 2026-03 | $338,000 | 1,328 | 35.7% |
| 390 BAYVIEW AVE | 2026-06 | $700,390 | 1,320 | 50.0% |
| 79 TOP SAIL CT | 2025-10 | $775,000 | 1,366 | 39.4% |
| 5 SHEEPSHEAD DR | 2026-05 | $440,000 | 1,340 | 33.7% |
| 128 WESTPORT DR | 2026-01 | $260,000 | 1,360 | 47.6% |
| 56 MILLBROOK DR | 2025-10 | $477,000 | 1,360 | 31.4% |
| 25 BENNINGTON DR | 2025-01 | $250,000 | 1,360 | 72.4% |
| 8 AUGUSTA CT | 2026-01 | $290,000 | 1,328 | 43.0% |
| 91 WINDJAMMER CT | 2025-08 | $650,000 | 1,320 | 53.5% |
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