The Fair Share Report

29 Tenth Ln

Berkeley, NJ 07853

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

≈ $415,111

Likely range $312,686 – $600,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 576 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 $415,111 home should be assessed near $219,801.

Step 3 · Assessed value

$306,500

Set at the last town-wide revaluation and mostly frozen since. That's $86,699 above what the ratio math suggests (39.4%).

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

$7,938/yr
Public schools$3,718
Ocean County$1,784
Town of Berkeley$2,437
Berkeley average$5,442

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

Town median 46.3%
This home · 73.8%

30%103%

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
19 NINTH LANE2026-05$669,00057651.3%
27 ELEVENTH LANE2026-03$375,00057686.3%
115 MIDWAY AVE2025-11$615,00057652.6%
46 OCEAN AVE2025-02$600,00057699.0%
300 HURLEY AVE2025-10$285,00056739.2%
37 ELEVENTH LANE2025-07$613,00061245.5%
215 LAUREL DR2025-10$299,90056047.3%
97 VINE ST2025-07$304,00056048.4%
32 SEVENTH LANE2025-03$560,00052249.1%
110 MIDWAY AVE2025-09$650,00064052.5%
299 HURLEY AVE2025-04$290,00062336.8%
297 HURLEY AVE2025-05$319,00052849.8%

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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 →