The Fair Share Report

3 Blyth 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

≈ $490,862

Likely range $434,636 – $531,425, 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 $490,862 home should be assessed near $259,911.

Step 3 · Assessed value

$223,300

Set at the last town-wide revaluation and mostly frozen since. That's $36,611 below what the ratio math suggests (14.1%).

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%

Step 5 · The bill

$5,783/yr
Public schools$2,709
Ocean County$1,300
Town of Berkeley$1,775
Berkeley average$5,442

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

Town median 46.3%
This home · 45.5%

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
409 BIRCH ST2025-05$482,5001,80056.3%
423 RIVERSIDE DR2025-12$490,0001,56044.2%
317 TRENTON AVE NORTH2025-09$480,0001,63549.4%
122 WESTPORT DR2025-10$425,0001,60336.9%
187 PRINCE CHARLES DR2025-08$380,0001,74914.3%
51 NARBERTH WAY2026-01$410,0001,50965.8%
322 VETERANS BLVD2025-12$490,0001,66450.1%
281 BAYVILLE AVE2025-02$510,0001,75553.5%
1 MAPLETON RD2025-07$510,0001,51426.1%
255 CHELSEA AVE2025-03$475,0001,54048.2%
75 SLOOP CREEK RD2025-11$470,0001,47847.7%
9 WESTGATE CT2026-05$409,0001,72848.5%

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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 →