The Fair Share Report

302 Roberts Ave

Berkeley, NJ 08752

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

≈ $605,206

Likely range $463,370 – $977,363, 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 $605,206 home should be assessed near $320,457.

Step 3 · Assessed value

$793,700

Set at the last town-wide revaluation and mostly frozen since. That's $473,243 above what the ratio math suggests (147.7%).

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

$20,557/yr
Public schools$9,628
Ocean County$4,619
Town of Berkeley$6,310
Berkeley average$5,442

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

Town median 46.3%
This home · 131.1%

30%177%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $12,257/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
9 COVE RD W2025-06$699,9002,37653.1%
65 NORTH ISLAND RD2025-11$830,0002,28551.4%
267 CYPRESS DR2025-08$1,151,5002,41848.4%
142 BUTLER BLVD2025-04$555,0002,40843.4%
142 PORT ROYAL DR2025-01$360,0002,33043.9%
129 GUADELOUPE DR2025-09$409,8212,14656.6%
28 COVE RD W2025-11$1,200,0002,49648.9%
59 TOP SAIL CT2026-03$965,0002,38850.8%
40 MORRIS BLVD2025-12$585,0002,37452.0%
8 GLENWOOD DR2025-03$455,0002,24365.5%
71 TOP SAIL CT2025-08$856,0002,28555.2%
68 MALLARD RD2025-03$405,0002,05058.8%

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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 →