The Fair Share Report

73 Whitaker Dr

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

≈ $315,000

Likely range $305,000 – $382,500, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,404 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 $315,000 home should be assessed near $166,793.

Step 3 · Assessed value

$149,100

Set at the last town-wide revaluation and mostly frozen since. That's $17,693 below what the ratio math suggests (10.6%).

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

$3,862/yr
Public schools$1,809
Ocean County$868
Town of Berkeley$1,185
Berkeley average$5,442

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

Town median 46.3%
This home · 47.3%

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
14 EDGEWATER DR2025-10$350,0001,40443.6%
41 NOSTRAND DR2026-05$305,0001,40450.5%
266 WESTBROOK DR2025-11$315,0001,40447.8%
26 NOSTRAND DR2026-05$285,0001,40452.3%
119 EDGEWATER CT2026-04$315,0001,40448.3%
156 CASTLETON DR2025-12$200,0001,40462.0%
52 CASTLETON DR2026-03$315,0001,40439.4%
24 ZEELAND DR2025-02$310,0001,40448.6%
7 BEAVERBROOK DR2025-09$339,5001,40443.5%
14 CORTLANDT DR2025-03$382,5001,40439.0%
2 ST ANDREWS CT2025-01$275,0001,36446.3%
82 SPINNAKER CT2025-11$735,0001,40150.6%

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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 →