The Fair Share Report

8 Bennington 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

≈ $312,000

Likely range $293,000 – $399,750, 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 $312,000 home should be assessed near $165,204.

Step 3 · Assessed value

$125,900

Set at the last town-wide revaluation and mostly frozen since. That's $39,304 below what the ratio math suggests (23.8%).

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

$3,261/yr
Public schools$1,527
Ocean County$733
Town of Berkeley$1,001
Berkeley average$5,442

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

Town median 46.3%
This home · 40.4%

26%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
50 OAKFIELD RD2026-01$295,0001,40443.9%
37 BROOKFIELD CT2025-12$422,5001,40429.6%
42 PULASKI BLVD2025-07$298,8001,44046.4%
156 CASTLETON DR2025-12$200,0001,40462.0%
23 FAIRFIELD RD2025-05$419,0001,40442.9%
60 WOODSTOCK DR2026-03$320,0001,44050.4%
16 ZAPATA CT2026-01$459,0001,44029.2%
18 LEIGHTON CT2025-08$300,0001,44064.9%
96 CHESTERFIELD LN2025-09$380,0001,44043.5%
119 CASTLETON DR2025-05$293,0001,40441.6%
27 FAIRFIELD RD2025-04$363,0001,40434.3%
10 LITTLETON RD2025-11$299,5001,4044.8%

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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 →