The Fair Share Report

6 Ely Ct

Berkeley, NJ 08757

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Berkeley's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $451,604

Likely range $299,100 – $598,556, 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 $451,604 home should be assessed near $239,124.

Step 3 · Assessed value

$205,200

Set at the last town-wide revaluation and mostly frozen since. That's $33,924 below what the ratio math suggests (14.2%).

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 $2.468 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,065/yr
Public schools$2,372
Ocean County$1,138
Town of Berkeley$1,555
Berkeley average$5,442

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

Town median 46.3%
This home · 45.4%

29%74%

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

AddressSoldPriceSq ftRatio
13 CANARIES CT2025-08$490,0001,76234.4%
89 OCEAN GATE AVE2025-03$730,0001,74052.7%
7 BEDFORD CT2026-04$305,0001,64842.8%
4 RAVENNA CT2026-05$376,0001,73442.5%
73 VIRGIN ISLANDS DR2025-05$426,0001,72046.1%
4 PEBBLE BEACH CT2026-06$255,0001,71248.4%
4 PEBBLE BEACH CT2026-04$175,0001,71270.6%
268 HARRINGTON DR NORTH2025-10$464,9001,66146.3%
76 RONALD AVE SOUTH2025-10$905,0001,69445.8%
153 TORREY PINES DR2025-05$440,0001,72048.4%
78 TOP SAIL CT2025-08$665,0001,81963.3%
24 BIABOU DR2025-11$215,0001,55259.0%

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