The Fair Share Report

208 Twenty Third Ave

Berkeley, NJ 08752

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

≈ $486,378

Likely range $411,215 – $613,363, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,692 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 $486,378 home should be assessed near $257,537.

Step 3 · Assessed value

$644,300

Set at the last town-wide revaluation and mostly frozen since. That's $386,763 above what the ratio math suggests (150.2%).

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%

This home's own bill implies $2.551 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$16,437/yr
Public schools$7,698
Ocean County$3,694
Town of Berkeley$5,045
Berkeley average$5,442

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

Town median 46.3%
This home · 132.5%

30%162%

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 $10,017/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
236 CEDAR DR2025-02$824,9001,84046.9%
211 PINE DR2026-03$827,0001,76046.7%
78 DOLPHIN CIRCLE EAST2025-08$475,0001,64250.2%
64 DOLPHIN CIRCLE EAST2025-03$489,9001,64248.0%
18 LENA CT2025-03$500,0001,64253.3%
292 JAMAICA BLVD2025-04$400,0001,66041.1%
4 SYMPHONY AVE2026-06$410,0001,68751.6%
100 TWENTIETH AVE2025-04$982,5001,94552.2%
16 LENA CT2025-07$505,0001,76148.3%
18 SKIMMER LANE2025-07$495,0001,72855.4%
234 SECOND AVE2025-12$589,0002,04948.4%
4 CANCUN ST2025-12$345,0001,61545.9%

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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 →