The Fair Share Report

35 Barbuda St

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

≈ $262,469

Likely range $220,000 – $309,900, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 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 $262,469 home should be assessed near $138,977.

Step 3 · Assessed value

$104,600

Set at the last town-wide revaluation and mostly frozen since. That's $34,377 below what the ratio math suggests (24.7%).

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

$2,709/yr
Public schools$1,269
Ocean County$609
Town of Berkeley$832
Berkeley average$5,442

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

Town median 46.3%
This home · 39.9%

28%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
121 BARBADOS DR SOUTH2025-10$210,0001,12454.0%
186 CHARLOTTEVILLE DR S2025-10$249,9001,12444.9%
487 JAMAICA BLVD2025-10$325,0001,12432.3%
106 FT DE FRANCE AVE2026-04$241,0001,12447.3%
496 ST THOMAS DR2026-06$273,0001,12440.5%
41 ST DAVID DR2026-03$220,0001,12448.3%
5 LE LAMENTIN DR2026-03$220,0001,12451.9%
160 CHARLOTTEVILLE DR S2025-12$309,0001,12437.9%
85 BARBADOS DR SOUTH2025-09$343,0001,12432.6%
477 ST THOMAS DR2025-08$220,0001,12451.0%
471 ST THOMAS DR2025-07$309,9001,12434.3%
319 ST THOMAS DR2025-03$265,0001,12439.5%

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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 →