The Fair Share Report
60 Ocean Ave
Berkeley, NJ 07823
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 $652,552 – $873,833, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
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 $767,899 home should be assessed near $406,603.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $480,097 above what the ratio math suggests (118.1%).
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
30%141%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $12,435/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 301 HOOVER AVE | 2026-06 | $740,000 | 2,811 | 50.9% |
| 175 SOUTHERN BLVD | 2025-09 | $715,000 | 2,896 | 52.0% |
| 18 FOURTH AVE | 2026-02 | $605,000 | 2,556 | 51.0% |
| 129 MANHATTAN AVE | 2026-05 | $750,000 | 2,792 | 52.2% |
| 25 STOLLMAN ST | 2026-04 | $775,000 | 2,723 | 49.7% |
| 148 COLLERAN PL | 2025-04 | $620,000 | 2,816 | 48.3% |
| 6 SURLE CT | 2025-09 | $812,000 | 2,592 | 47.0% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
| 394 NIXON AVE | 2025-12 | $885,000 | 2,802 | 41.7% |
| 167 AMSTERDAM AVE | 2026-06 | $655,000 | 2,620 | 49.8% |
| 27 BOWSPRIT DR | 2025-01 | $995,000 | 2,822 | 60.3% |
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