The Fair Share Report

272 Evergreen Dr

Berkeley, NJ 07002

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

≈ $315,103

Likely range $290,348 – $436,498, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).

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 $315,103 home should be assessed near $166,847.

Step 3 · Assessed value

$386,100

Set at the last town-wide revaluation and mostly frozen since. That's $219,253 above what the ratio math suggests (131.4%).

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

$10,000/yr
Public schools$4,683
Ocean County$2,247
Town of Berkeley$3,069
Berkeley average$5,442

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

Town median 46.3%
This home · 122.5%

30%138%

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 $5,679/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
13 THORNTON RD2026-06$315,0001,404133.8%
4 NORWAY RD2025-07$349,0001,40438.5%
34 WESTPORT DR2025-07$290,0001,40460.5%
50 OAKFIELD RD2026-01$295,0001,40443.9%
37 BROOKFIELD CT2025-12$422,5001,40429.6%
10 LITTLETON RD2025-11$299,5001,4044.8%
23 FAIRFIELD RD2025-05$419,0001,40442.9%
119 CASTLETON DR2025-05$293,0001,40441.6%
27 FAIRFIELD RD2025-04$363,0001,40434.3%
82 SPINNAKER CT2025-11$735,0001,40150.6%
25 TROPICANA CT2025-12$425,0001,36443.7%
77 CHESTERFIELD LN2025-11$307,0001,36449.8%

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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 →