The Fair Share Report

5 Westbrook Dr

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

≈ $406,557

Likely range $339,000 – $468,950, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,494 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 $406,557 home should be assessed near $215,272.

Step 3 · Assessed value

$122,900

Set at the last town-wide revaluation and mostly frozen since. That's $92,372 below what the ratio math suggests (42.9%).

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

$3,183/yr
Public schools$1,491
Ocean County$715
Town of Berkeley$977
Berkeley average$5,442

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

Town median 46.3%
This home · 30.2%

21%68%

Keep quiet and enjoy it

This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
513 JAMAICA BLVD2026-02$355,0001,48450.9%
157 GUADELOUPE DR2025-04$340,0001,48439.6%
89 BRAKENBURY DR2025-08$285,0001,49456.8%
210 LAKEWOOD AVE2025-04$432,1001,47456.8%
3 SHAW CT2025-09$340,0001,49441.1%
223 WESTBROOK DR2025-06$411,0001,49434.5%
427 HARDING AVE2025-06$509,0001,48047.5%
227 TWENTY-SECOND AVE2025-04$830,0001,47051.0%
4 RUTLAND DR2026-05$315,0001,49438.8%
24 RUTLAND DR2026-04$339,0001,49439.2%
24 WOODLAND RD2025-09$490,5001,53253.5%
20 JEANETTE ST2026-05$457,2501,49849.5%

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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 →