The Fair Share Report

60 Barbuda 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

≈ $429,038

Likely range $319,363 – $489,979, 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 $429,038 home should be assessed near $227,176.

Step 3 · Assessed value

$183,700

Set at the last town-wide revaluation and mostly frozen since. That's $43,476 below what the ratio math suggests (19.1%).

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

$4,758/yr
Public schools$2,228
Ocean County$1,069
Town of Berkeley$1,460
Berkeley average$5,442

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

Town median 46.3%
This home · 42.8%

30%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
60 WOODLAND RD2026-05$312,5001,58865.1%
70 MALLARD RD2025-01$380,0001,58869.5%
82 SCOTT CT2026-04$530,0001,60444.2%
7 BEDFORD CT2026-04$305,0001,64842.8%
268 HARRINGTON DR NORTH2025-10$464,9001,66146.3%
54 KORMAN RD2025-04$415,0001,50351.9%
228 SANDLEWOOD DR2025-08$575,0001,62060.3%
235 LONG BRANCH AVE2025-08$480,0001,61251.5%
238 LAKEWOOD AVE2025-08$310,0001,61271.0%
12 NELSON CT2026-01$420,0001,58044.4%
3 GRENADA ST2025-07$330,0001,44039.5%
24 MARACAIBO PL2025-12$465,0001,58444.6%

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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 →