The Fair Share Report

48 Sheepshead Dr

Berkeley, NJ 07751

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.

This home's full record →Check another house →

Step 1 · Market value

≈ $315,000

Likely range $293,000 – $363,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,404 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 $315,000 home should be assessed near $166,793.

Step 3 · Assessed value

$186,200

Set at the last town-wide revaluation and mostly frozen since. That's $19,408 above what the ratio math suggests (11.6%).

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%

This home's own bill implies $2.056 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$3,828/yr

Public schools$1,793

Ocean County$860

Town of Berkeley$1,175

Berkeley average$5,442

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

Town median 46.3%

Appeal line 60.89%

This home · 59.1%

30%69%

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)

Address	Sold	Price	Sq ft	Ratio
7 BEAVERBROOK DR	2025-09	$339,500	1,404	43.5%
14 CORTLANDT DR	2025-03	$382,500	1,404	39.0%
82 SPINNAKER CT	2025-11	$735,000	1,401	50.6%
52 CASTLETON DR	2026-03	$315,000	1,404	39.4%
24 ZEELAND DR	2025-02	$310,000	1,404	48.6%
41 NOSTRAND DR	2026-05	$305,000	1,404	50.5%
266 WESTBROOK DR	2025-11	$315,000	1,404	47.8%
119 CASTLETON DR	2025-05	$293,000	1,404	41.6%
27 FAIRFIELD RD	2025-04	$363,000	1,404	34.3%
23 FAIRFIELD RD	2025-05	$419,000	1,404	42.9%
156 CASTLETON DR	2025-12	$200,000	1,404	62.0%
26 NOSTRAND DR	2026-05	$285,000	1,404	52.3%

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