The Fair Share Report

6 Pavilion 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.

Step 1 · Market value

≈ $473,508

Likely range $376,000 – $555,033, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,734 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 $473,508 home should be assessed near $250,722.

Step 3 · Assessed value

$148,500

Set at the last town-wide revaluation and mostly frozen since. That's $102,222 below what the ratio math suggests (40.8%).

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

$3,846/yr
Public schools$1,801
Ocean County$864
Town of Berkeley$1,181
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
4 RAVENNA CT2026-05$376,0001,73442.5%
153 TORREY PINES DR2025-05$440,0001,72048.4%
13 CANARIES CT2025-08$490,0001,76234.4%
73 VIRGIN ISLANDS DR2025-05$426,0001,72046.1%
268 HARRINGTON DR NORTH2025-10$464,9001,66146.3%
9 ST FRANCOIS CT2026-04$580,0001,81225.4%
89 OCEAN GATE AVE2025-03$730,0001,74052.7%
9 TEMPLETON ST2025-06$450,0001,65646.3%
109 WEST ISLAND RD2025-06$710,0001,92057.0%
24 MARACAIBO PL2025-12$465,0001,58444.6%
3 DRAKE DR2025-09$670,0001,88459.9%
7 BEDFORD CT2026-04$305,0001,64842.8%

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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 →