The Fair Share Report

8 Castleton 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

≈ $278,831

Likely range $242,713 – $316,078, 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 $278,831 home should be assessed near $147,641.

Step 3 · Assessed value

$98,500

Set at the last town-wide revaluation and mostly frozen since. That's $49,141 below what the ratio math suggests (33.3%).

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

$2,551/yr
Public schools$1,195
Ocean County$573
Town of Berkeley$783
Berkeley average$5,442

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

Town median 46.3%
This home · 35.3%

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
61 YARDARM CT2026-03$800,0001,08543.6%
66 WINDJAMMER CT2025-10$530,0001,08565.0%
15 BROOKFIELD CT2026-02$260,0001,11742.2%
11 LA TERRAZA DR2026-02$275,0001,09255.4%
8 BASSET DR2025-07$300,0001,09134.3%
30 ZEELAND DR2025-07$185,0001,15387.0%
8 REDLANDS CT2026-04$280,0001,12443.4%
37 ZEELAND DR2026-05$292,0001,15332.5%
15 FAIRFIELD RD2025-07$325,0001,15336.0%
72 MILLBROOK DR2025-08$314,9001,13144.1%
27 OAKFIELD RD2025-03$315,0001,15344.3%
9 MANIWAKI CT2025-08$370,0001,16146.1%

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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 →