The Fair Share Report
6 Olympic St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $349,438 – $518,758, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,540 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $432,299 home should be assessed near $228,902.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,402 below what the ratio math suggests (39.5%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 253 WESTBROOK DR | 2025-02 | $382,400 | 1,514 | 34.1% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 12 NELSON CT | 2026-01 | $420,000 | 1,580 | 44.4% |
| 54 STORM JIB CT | 2025-10 | $680,000 | 1,529 | 56.6% |
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| 11 OLSTINS CT | 2026-05 | $355,000 | 1,638 | 39.8% |
| 24 MARACAIBO PL | 2025-12 | $465,000 | 1,584 | 44.6% |
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