The Fair Share Report

86 Dolphin Cir E

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

≈ $497,554

Likely range $393,163 – $641,493, 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 $497,554 home should be assessed near $263,455.

Step 3 · Assessed value

$243,200

Set at the last town-wide revaluation and mostly frozen since. That's $20,255 below what the ratio math suggests (7.7%).

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

$6,299/yr
Public schools$2,950
Ocean County$1,415
Town of Berkeley$1,933
Berkeley average$5,442

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

Town median 46.3%
This home · 48.9%

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
18 SKIMMER LANE2025-07$495,0001,72855.4%
73 TIMBERLINE RD2025-11$550,0001,76850.0%
11 OAKENGATES DR2025-06$419,9001,82648.0%
27 FREDERICK DR2025-10$480,0001,66856.0%
187 PRINCE CHARLES DR2025-08$380,0001,74914.3%
7 BRANCHWOOD PL2026-06$610,0001,57845.4%
9 WESTGATE CT2026-05$409,0001,72848.5%
18 BLUE HERON LANE2025-05$585,0001,57944.0%
24 BLUE HERON LANE2025-03$565,6001,57945.0%
168 CHESTERFIELD LN2026-02$380,0001,86257.3%
83 WOODSTOCK DR2025-06$384,0001,61545.6%
15 DOLPHIN CIRCLE WEST2026-05$515,0001,64245.7%

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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 →