The Fair Share Report

643 Berkeley Ave

Berkeley, NJ 08721

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

≈ $375,270

Likely range $334,391 – $492,324, 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 $375,270 home should be assessed near $198,705.

Step 3 · Assessed value

$229,300

Set at the last town-wide revaluation and mostly frozen since. That's $30,595 above what the ratio math suggests (15.4%).

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

$5,939/yr
Public schools$2,781
Ocean County$1,335
Town of Berkeley$1,823
Berkeley average$5,442

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

Town median 46.3%
This home · 61.1%

30%74%

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
117 SANDPIPER LN2026-01$290,0001,44870.6%
110 SANDPIPER LN2025-07$340,0001,41858.1%
168 GRAND CENTRAL PKWY2026-02$465,0001,40055.7%
33 BLUE HERON LANE2026-05$483,5001,49550.8%
62 PINTAIL TRACE2025-05$355,0001,48856.3%
12 BLUE HERON LANE2025-08$582,9001,56542.7%
18 BLUE HERON LANE2025-05$585,0001,57944.0%
24 BLUE HERON LANE2025-03$565,6001,57945.0%
119 SANDPIPER LN2025-04$310,0001,27845.7%
128 SLOOP CREEK RD2026-04$515,5001,60943.8%
41 STOCKPORT DR2025-06$380,0001,44660.3%
103 SANDPIPER LN2025-04$327,0001,27856.3%

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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 →