The Fair Share Report

18 St David 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

≈ $254,337

Likely range $225,087 – $290,464, 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 $254,337 home should be assessed near $134,671.

Step 3 · Assessed value

$110,400

Set at the last town-wide revaluation and mostly frozen since. That's $24,271 below what the ratio math suggests (18.0%).

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

$2,859/yr
Public schools$1,339
Ocean County$643
Town of Berkeley$878
Berkeley average$5,442

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

Town median 46.3%
This home · 43.4%

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
429 ST THOMAS DR2026-03$260,0001,14743.1%
109 EDINBURGH CT2025-07$230,0001,15345.6%
2 STANFORD DR2025-06$250,0001,15353.8%
7 CAMBRIDGE CT2025-05$275,0001,15343.1%
496 ST THOMAS DR2026-06$273,0001,12440.5%
41 ST DAVID DR2026-03$220,0001,12448.3%
5 LE LAMENTIN DR2026-03$220,0001,12451.9%
160 CHARLOTTEVILLE DR S2025-12$309,0001,12437.9%
85 BARBADOS DR SOUTH2025-09$343,0001,12432.6%
477 ST THOMAS DR2025-08$220,0001,12451.0%
471 ST THOMAS DR2025-07$309,9001,12434.3%
319 ST THOMAS DR2025-03$265,0001,12439.5%

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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 →