The Fair Share Report

506 Baldwin Ave

Berkeley, NJ 08754

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

≈ $402,778

Likely range $337,644 – $480,989, 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 $402,778 home should be assessed near $213,271.

Step 3 · Assessed value

$126,400

Set at the last town-wide revaluation and mostly frozen since. That's $86,871 below what the ratio math suggests (40.7%).

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%

This home's own bill implies $3.139 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$3,968/yr
Public schools$1,858
Ocean County$892
Town of Berkeley$1,218
Berkeley average$5,442

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

Town median 46.3%
This home · 31.4%

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
117 SANDPIPER LN2026-01$290,0001,44870.6%
202 THIRD AVE2026-05$435,0001,50447.3%
6 SNOWDON CT2025-12$400,0001,44046.0%
5 CORFU CT2026-04$515,0001,44036.8%
5 CORFU CT2025-10$479,9001,44039.5%
33 BLUE HERON LANE2026-05$483,5001,49550.8%
110 SANDPIPER LN2025-07$340,0001,41858.1%
51 WINTERTON DR2026-01$387,0001,50938.7%
351 JAMAICA BLVD2025-11$399,5001,50941.3%
257 SANDLEWOOD DR2026-03$740,0001,24848.6%
97 SANDPIPER DR2025-03$365,0001,39849.6%
41 WINTERTON DR2026-02$450,0001,50934.2%

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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 →