The Fair Share Report

3 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

≈ $264,757

Likely range $234,785 – $287,750, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,091 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 $264,757 home should be assessed near $140,189.

Step 3 · Assessed value

$140,800

Set at the last town-wide revaluation and mostly frozen since. That's $611 above what the ratio math suggests (0.4%).

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

$3,647/yr
Public schools$1,708
Ocean County$819
Town of Berkeley$1,119
Berkeley average$5,442

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

Town median 46.3%
This home · 53.2%

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
527 JAMAICA BLVD2025-11$265,0001,09284.2%
34 TORTOLA ST2025-11$244,0001,09247.3%
24 HARRINGTON DR SOUTH2025-09$395,0001,09233.6%
440 ST THOMAS DR2025-04$240,0001,09245.7%
42 HARRINGTON DR SOUTH2025-01$235,0001,09243.3%
25 ST MARTIN PL2026-05$275,0001,09239.4%
36 ST CROIX ST2025-06$335,0001,09247.0%
23 ANGUILLA LN2025-06$276,0001,09238.6%
13 ST MARTIN PL2025-05$218,0001,09272.3%
25 BOLANS CT2025-05$285,0001,09235.8%
434 ST THOMAS DR2025-04$229,0001,09266.5%
278 BARBADOS DR NORTH2025-04$190,0001,09283.3%

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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 →