The Fair Share Report
68 Ocean Ave
Berkeley, NJ 08831
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 $600,414 – $883,358, 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 $722,132 home should be assessed near $382,369.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $449,331 above what the ratio math suggests (117.5%).
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
30%144%
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 $11,638/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 449 MONTGOMERY ST | 2025-11 | $800,000 | 2,388 | 42.0% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 6 KEY LARGO CT | 2026-01 | $675,000 | 2,425 | 48.0% |
| 453 ANDREW AVE | 2026-04 | $615,000 | 2,368 | 56.1% |
| 4 GOLDENROD AVE | 2025-08 | $620,000 | 2,424 | 55.6% |
| 421 PRINCETON AVE | 2025-05 | $675,000 | 2,304 | 49.4% |
| 1533 BAY VIEW AVE | 2025-11 | $1,365,000 | 2,436 | 42.4% |
| 26 SLOOP CREEK RD | 2025-05 | $625,000 | 2,392 | 61.0% |
| 10 JEFFERSON AVE | 2025-05 | $857,000 | 2,367 | 45.1% |
| 18 FOURTH AVE | 2026-02 | $605,000 | 2,556 | 51.0% |
| 1095 BAYVIEW AVE | 2025-05 | $750,000 | 2,476 | 53.5% |
| 31 DOLPHIN CIRCLE WEST | 2026-06 | $410,000 | 2,345 | 68.0% |
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