The Fair Share Report

9 Noranda St

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

≈ $351,355

Likely range $321,333 – $415,367, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,446 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 $351,355 home should be assessed near $186,042.

Step 3 · Assessed value

$163,400

Set at the last town-wide revaluation and mostly frozen since. That's $22,642 below what the ratio math suggests (12.2%).

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

$4,232/yr
Public schools$1,982
Ocean County$951
Town of Berkeley$1,299
Berkeley average$5,442

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

Town median 46.3%
This home · 46.5%

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
41 STOCKPORT DR2025-06$380,0001,44660.3%
40 PRINCE CHARLES DR2025-10$398,0001,44643.6%
32 KINKORA CT WEST2025-09$380,0001,44633.6%
60 WOODSTOCK DR2026-03$320,0001,44050.4%
16 ZAPATA CT2026-01$459,0001,44029.2%
18 LEIGHTON CT2025-08$300,0001,44064.9%
124 SAN CARLOS ST2025-02$450,0001,44836.8%
58 TRENT DR2025-06$355,0001,46145.2%
1 SHEARWATER HOLLOW2026-03$355,0001,48856.9%
1 SHEARWATER HOLLOW2025-10$200,0001,488100.9%
199 CANTERBURY LN2025-08$290,0001,44153.5%
177 PULASKI BLVD2025-11$320,0001,36448.5%

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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 →