The Fair Share Report

30 Bell St

Berkeley, NJ 08721

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

≈ $392,756

Likely range $290,218 – $468,086, 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 $392,756 home should be assessed near $207,964.

Step 3 · Assessed value

$250,100

Set at the last town-wide revaluation and mostly frozen since. That's $42,136 above what the ratio math suggests (20.3%).

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

$6,478/yr
Public schools$3,034
Ocean County$1,456
Town of Berkeley$1,988
Berkeley average$5,442

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

Town median 46.3%
This home · 63.7%

30%92%

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
60 WOODLAND RD2026-05$312,5001,58865.1%
70 MALLARD RD2025-01$380,0001,58869.5%
82 SCOTT CT2026-04$530,0001,60444.2%
12 NELSON CT2026-01$420,0001,58044.4%
54 KORMAN RD2025-04$415,0001,50351.9%
10 SEVILLE PL2026-05$245,0001,53153.0%
234 LAKEWOOD AVE2026-05$525,0001,59343.6%
7 BEDFORD CT2026-04$305,0001,64842.8%
24 RUTLAND DR2026-04$339,0001,49439.2%
235 LONG BRANCH AVE2025-08$480,0001,61251.5%
238 LAKEWOOD AVE2025-08$310,0001,61271.0%
26 BELMONT AVE2025-05$467,5001,71250.3%

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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 →