The Fair Share Report

293 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

≈ $279,000

Likely range $257,672 – $304,400, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,107 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 $279,000 home should be assessed near $147,731.

Step 3 · Assessed value

$173,700

Set at the last town-wide revaluation and mostly frozen since. That's $25,970 above what the ratio math suggests (17.6%).

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

$4,499/yr
Public schools$2,107
Ocean County$1,011
Town of Berkeley$1,381
Berkeley average$5,442

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

Town median 46.3%
This home · 62.3%

30%73%

A touch high — worth watching

This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).

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

AddressSoldPriceSq ftRatio
8 BASSET DR2025-07$300,0001,09134.3%
72 MILLBROOK DR2025-08$314,9001,13144.1%
8 REDLANDS CT2026-04$280,0001,12443.4%
21 NOSTRAND DR2026-01$200,0001,15366.8%
5 NORFOLK DR2025-02$279,0001,10737.6%
11 LA TERRAZA DR2026-02$275,0001,09255.4%
15 BROOKFIELD CT2026-02$260,0001,11742.2%
405 COSTA MESA DR2025-06$294,0001,12438.0%
61 YARDARM CT2026-03$800,0001,08543.6%
66 WINDJAMMER CT2025-10$530,0001,08565.0%
2 BASSET DR2025-05$270,0001,14042.0%
15 TIVOLI ST2025-09$299,9001,12435.0%

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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 →