The Fair Share Report

245 Westbrook Dr

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

≈ $409,000

Likely range $335,455 – $462,269, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,318 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 $409,000 home should be assessed near $216,566.

Step 3 · Assessed value

$121,000

Set at the last town-wide revaluation and mostly frozen since. That's $95,566 below what the ratio math suggests (44.1%).

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 $2.383 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$2,884/yr
Public schools$1,351
Ocean County$648
Town of Berkeley$885
Berkeley average$5,442

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

Town median 46.3%
This home · 29.6%

21%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
55 WHITMORE DR2026-01$363,0001,32740.7%
33 WHITMORE DR2026-03$255,0001,34051.8%
11 WHITAKER DR2025-12$370,0001,31841.2%
94 HYANNIS ST2025-02$220,0001,32881.6%
48 WHITAKER DR2026-04$410,0001,31851.5%
390 BAYVIEW AVE2026-06$700,3901,32050.0%
9 MORONGO CT2026-03$338,0001,32835.7%
8 AUGUSTA CT2026-01$290,0001,32843.0%
91 WINDJAMMER CT2025-08$650,0001,32053.5%
72 STORM JIB CT2025-07$595,0001,32065.9%
5 SHEEPSHEAD DR2026-05$440,0001,34033.7%
65 NORTHUMBERLAND DR2026-04$350,0001,31834.9%

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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 →