The Fair Share Report

18 Dune Dr

Berkeley, NJ 08721

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

≈ $447,648

Likely range $388,589 – $584,276, 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 $447,648 home should be assessed near $237,030.

Step 3 · Assessed value

$455,000

Set at the last town-wide revaluation and mostly frozen since. That's $217,970 above what the ratio math suggests (92.0%).

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

$11,785/yr
Public schools$5,519
Ocean County$2,648
Town of Berkeley$3,617
Berkeley average$5,442

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

Town median 46.3%
This home · 101.6%

30%123%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $5,645/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
187 PRINCE CHARLES DR2025-08$380,0001,74914.3%
96 SANDPIPER DR2026-01$390,0001,72651.4%
127 SYLVAN LAKE BLVD2025-08$439,0001,72644.9%
37 BUTLER AVE2026-03$415,0001,73247.3%
9 WESTGATE CT2026-05$409,0001,72848.5%
32 TOPPINGLIFT DR2026-01$619,8881,71065.3%
91 WESTPORT DR2026-02$385,0001,72443.0%
30 CHUTNEY ST2025-12$470,0001,72435.7%
73 TIMBERLINE RD2025-11$550,0001,76850.0%
371 VETERANS BLVD2025-06$585,0001,82842.5%
14 HEMLOCK LN2026-01$643,8001,81541.4%
16 LENA CT2025-07$505,0001,76148.3%

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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 →