The Fair Share Report

3 Witham 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

≈ $356,944

Likely range $339,647 – $418,202, 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 $356,944 home should be assessed near $189,002.

Step 3 · Assessed value

$189,700

Set at the last town-wide revaluation and mostly frozen since. That's $698 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

$4,913/yr
Public schools$2,301
Ocean County$1,104
Town of Berkeley$1,508
Berkeley average$5,442

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

Town median 46.3%
This home · 53.1%

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
62 PINTAIL TRACE2025-05$355,0001,48856.3%
45 WINTERTON DR2026-03$360,0001,50241.9%
70 WINTERTON DR2026-03$325,0001,50245.7%
170 CHESTERFIELD LN2026-01$395,0001,50246.7%
16 SHERIDAN RD2025-10$379,9001,45140.4%
340 JAMAICA BLVD2026-02$270,0001,50957.6%
59 TRENT DR2025-05$355,0001,50250.3%
58 TRENT DR2025-06$355,0001,46145.2%
116 CHESTERFIELD LN2025-01$350,0001,50251.9%
317 BAYVIEW AVE2025-04$710,0001,43564.7%
355 JAMAICA BLVD2026-04$425,0001,50936.1%
40 PRINCE CHARLES DR2025-10$398,0001,44643.6%

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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 →