The Fair Share Report

55 Edinburgh 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

≈ $334,001

Likely range $280,812 – $411,747, 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 $334,001 home should be assessed near $176,854.

Step 3 · Assessed value

$131,800

Set at the last town-wide revaluation and mostly frozen since. That's $45,054 below what the ratio math suggests (25.5%).

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

$3,414/yr
Public schools$1,599
Ocean County$767
Town of Berkeley$1,048
Berkeley average$5,442

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

Town median 46.3%
This home · 39.5%

27%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
77 WESTBROOK DR2025-08$405,0001,31845.6%
136 GEORGETOWN RD2025-09$285,0001,34041.7%
12 BAY BLVD2025-06$425,0001,23249.7%
49 ETON RD2026-05$315,2001,31838.0%
87 RONALD AVE SOUTH2025-06$624,0001,28451.8%
65 NORTHUMBERLAND DR2026-04$350,0001,31834.9%
410 JAMAICA BLVD2025-10$379,9001,30442.7%
162 HARRINGTON DR NORTH2026-02$295,0001,32840.9%
111 LANGLEY CT2025-07$409,0001,31831.8%
143 WESTBROOK DR2025-06$290,0001,31839.9%
41 ETON RD2025-07$343,5001,33835.2%
6 FALMOUTH ST2026-03$292,9001,23241.5%

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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 →