The Fair Share Report

384 Bayview Ave

Berkeley, NJ 07730

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

≈ $296,567

Likely range $269,095 – $629,069, 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 $296,567 home should be assessed near $157,032.

Step 3 · Assessed value

$344,600

Set at the last town-wide revaluation and mostly frozen since. That's $187,568 above what the ratio math suggests (119.4%).

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

$8,925/yr
Public schools$4,180
Ocean County$2,006
Town of Berkeley$2,740
Berkeley average$5,442

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

Town median 46.3%
This home · 116.2%

30%134%

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
OCEAN & 22ND AVE2025-01$915,0001,26357.5%
91 WINDJAMMER CT2025-08$650,0001,32053.5%
72 STORM JIB CT2025-07$595,0001,32065.9%
52 ORLANDO BLVD2025-12$255,0001,29248.7%
390 BAYVIEW AVE2026-06$700,3901,32050.0%
23 LONGDENVILLE ST2026-05$271,0001,23242.2%
2 SAN CARLOS CT2025-09$285,0001,23244.5%
40 LUMSDEN ST2025-07$300,0001,23240.1%
1 COBORCA WAY2025-03$260,0001,23264.7%
193 ORLANDO BLVD2025-06$334,5001,32837.1%
1 SOUTH POINT CT2025-01$355,0001,32843.1%
12 OAKFIELD RD2025-10$281,0001,31842.7%

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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 →