The Fair Share Report

310 Ceylon Ave

Berkeley, NJ 07601

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

≈ $592,826

Likely range $438,163 – $718,115, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,160 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 $592,826 home should be assessed near $313,901.

Step 3 · Assessed value

$367,200

Set at the last town-wide revaluation and mostly frozen since. That's $53,299 above what the ratio math suggests (17.0%).

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

$9,510/yr
Public schools$4,454
Ocean County$2,137
Town of Berkeley$2,919
Berkeley average$5,442

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

Town median 46.3%
This home · 61.9%

30%89%

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
8 GLENWOOD DR2025-03$455,0002,24365.5%
254 BUTLER BLVD2025-08$625,0001,96858.4%
40 MORRIS BLVD2025-12$585,0002,37452.0%
129 GUADELOUPE DR2025-09$409,8212,14656.6%
221 RIVERSIDE DR2025-12$400,0001,79854.0%
99 STATION RD2025-03$2,942,0002,43823.7%
260 TEAKWOOD DR2025-06$875,0001,89843.2%
68 MALLARD RD2025-03$405,0002,05058.8%
65 NORTH ISLAND RD2025-11$830,0002,28551.4%
305 NEPTUNE AVE2026-03$505,0001,84046.5%
380 TRENTON AVE NORTH2026-06$615,0002,16046.9%
52 CRANMER RD2025-07$525,0002,59255.3%

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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 →