The Fair Share Report

216 Pine 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

≈ $280,000

Likely range $254,093 – $303,915, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,120 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 $280,000 home should be assessed near $148,260.

Step 3 · Assessed value

$294,500

Set at the last town-wide revaluation and mostly frozen since. That's $146,240 above what the ratio math suggests (98.6%).

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

$7,628/yr
Public schools$3,572
Ocean County$1,714
Town of Berkeley$2,341
Berkeley average$5,442

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

Town median 46.3%
This home · 105.2%

30%121%

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 $3,788/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
1 JOY PL2025-05$334,0001,10055.0%
145 SHERMAN AVE2025-08$200,0001,16077.0%
145 SHERMAN AVE2025-04$165,0001,16093.4%
103 EDINBURGH CT2025-06$279,0001,10541.1%
31 CHARLOTTEVILLE DR S2026-02$281,0001,1242.7%
6 BARBUDA ST2025-09$255,0001,12443.0%
7 NORWICH DR2025-01$259,9001,11340.3%
32 FT DE FRANCE AVE2025-12$265,0001,12442.9%
36 GRENADA ST2025-04$242,0001,12639.0%
97 FT DE FRANCE AVE2025-10$305,0001,12453.2%
51 BARBADOS DR SOUTH2025-05$260,0001,12453.2%
77 GUADELOUPE DR2025-03$313,0001,12448.6%

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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 →