The Fair Share Report

24 Bugle Ct

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

≈ $365,000

Likely range $324,284 – $415,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,514 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 $365,000 home should be assessed near $193,268.

Step 3 · Assessed value

$168,500

Set at the last town-wide revaluation and mostly frozen since. That's $24,768 below what the ratio math suggests (12.8%).

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

$4,364/yr
Public schools$2,044
Ocean County$981
Town of Berkeley$1,340
Berkeley average$5,442

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

Town median 46.3%
This home · 46.2%

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
253 WESTBROOK DR2025-02$382,4001,51434.1%
1 CARLSBAD DR2026-01$360,0001,54451.8%
10 SEVILLE PL2026-05$245,0001,53153.0%
16 MANASSAS DR2025-12$415,0001,51436.7%
44 WHITAKER DR2025-06$370,0001,51441.5%
103 EDGEWATER CT2026-04$320,0001,49444.9%
OCEAN & 22ND AVE2025-04$807,5001,50455.1%
44 WESTPORT DR2025-09$365,0001,51435.5%
103 SHEEPSHEAD DR2025-03$434,9001,51431.7%
10 NORFOLK DR2025-02$300,0001,51463.5%
24 RUTLAND DR2026-04$339,0001,49439.2%
53 WHITAKER DR2025-10$435,0001,49435.0%

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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 →