The Fair Share Report

2 Carmacks Way

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

≈ $368,874

Likely range $342,009 – $390,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,601 sq ft.

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 $368,874 home should be assessed near $195,319.

Step 3 · Assessed value

$132,900

Set at the last town-wide revaluation and mostly frozen since. That's $62,419 below what the ratio math suggests (32.0%).

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

$3,442/yr
Public schools$1,612
Ocean County$773
Town of Berkeley$1,057
Berkeley average$5,442

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

Town median 46.3%
This home · 36.0%

29%68%

Keep quiet and enjoy it

This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
141 PARADISE BLVD2025-05$430,0001,60131.1%
32 LAMBERT WAY2025-02$345,0001,61553.9%
23 MANITOBA CT2026-05$359,9001,60136.9%
43 SANTO DOMINGO DR2026-01$347,0001,60139.5%
8 MANITOBA CT2026-01$305,0001,60153.9%
64 LA DUNETTE DR2025-11$395,0001,60140.0%
184 PULASKI BLVD2025-08$325,0001,60141.8%
3 NORANDA ST2025-06$390,0001,60153.0%
23 TROPICANA CT2025-02$355,0001,60137.8%
143 SYLVAN LAKE BLVD2025-10$392,0001,55748.1%
20 SHERIDAN RD2025-04$370,0001,59543.6%
6 WESTPORT DR2025-08$280,0001,51447.8%

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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 →