The Fair Share Report

34 Bugle 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

≈ $291,747

Likely range $268,794 – $361,370, 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 $291,747 home should be assessed near $154,480.

Step 3 · Assessed value

$132,000

Set at the last town-wide revaluation and mostly frozen since. That's $22,480 below what the ratio math suggests (14.6%).

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

$3,419/yr
Public schools$1,601
Ocean County$768
Town of Berkeley$1,049
Berkeley average$5,442

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

Town median 46.3%
This home · 45.2%

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
2 BASSET DR2025-05$270,0001,14042.0%
103 TWENTY-THIRD AVE #112026-04$827,0001,15648.3%
146 BIMINI DR2026-02$314,0001,12434.0%
27 WHITAKER DR2025-11$240,0001,15356.5%
89 CARLISLE RD2026-03$350,0001,12146.0%
95 CARLISLE RD2025-03$225,0001,12169.7%
15 LA CASTA CT2025-04$292,0001,23241.2%
32 BUGLE CT2025-07$265,0001,12149.9%
8 BRAKENBURY CT2025-07$325,0001,14040.0%
1 LAGOS CT2026-01$375,0001,23234.7%
2 SHEEPSHEAD DR2025-09$292,0001,15347.2%
5 NORFOLK DR2025-02$279,0001,10737.6%

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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 →