The Fair Share Report
2012 Ocean Ave
Berkeley, NJ 07446
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 $545,338 – $1,003,815, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,847 sq ft.
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 $685,758 home should be assessed near $363,109.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $826,391 above what the ratio math suggests (227.6%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%224%
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 $21,404/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 SYMPHONY AVE | 2026-01 | $440,000 | 2,808 | 63.0% |
| 26 BOWSPRIT DR | 2025-12 | $1,090,000 | 2,806 | 54.4% |
| 27 BOWSPRIT DR | 2025-01 | $995,000 | 2,822 | 60.3% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 55 BUTLER AVE | 2025-03 | $475,000 | 2,532 | 54.0% |
| 102 SYLVAN LAKE BLVD | 2025-07 | $525,000 | 2,540 | 51.1% |
| 48 TIMBERLINE RD | 2025-04 | $595,000 | 2,867 | 66.2% |
| 38 SYMPHONY AVE | 2026-03 | $485,000 | 2,532 | 53.1% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
| 163 SYLVAN LAKE BLVD | 2025-01 | $485,000 | 2,532 | 51.6% |
Is this your house?
Run your own report →