The Fair Share Report

91 Ward St

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

≈ $587,711

Likely range $483,073 – $722,435, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,385 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 $587,711 home should be assessed near $311,193.

Step 3 · Assessed value

$304,400

Set at the last town-wide revaluation and mostly frozen since. That's $6,793 below what the ratio math suggests (2.2%).

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

$7,884/yr
Public schools$3,692
Ocean County$1,772
Town of Berkeley$2,420
Berkeley average$5,442

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

Town median 46.3%
This home · 51.8%

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
40 MORRIS BLVD2025-12$585,0002,37452.0%
8 GLENWOOD DR2025-03$455,0002,24365.5%
65 NORTH ISLAND RD2025-11$830,0002,28551.4%
52 CRANMER RD2025-07$525,0002,59255.3%
9 COVE RD W2025-06$699,9002,37653.1%
101 CHELSEA AVE2025-11$549,9002,74854.6%
254 BUTLER BLVD2025-08$625,0001,96858.4%
129 GUADELOUPE DR2025-09$409,8212,14656.6%
28 COVE RD W2025-11$1,200,0002,49648.9%
4 BRIDLE PATH2025-08$719,9002,46547.8%
403 FIRST AVE2026-06$625,0002,36441.3%
142 PORT ROYAL DR2025-01$360,0002,33043.9%

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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 →