The Fair Share Report

910 Main 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

≈ $330,356

Likely range $278,182 – $441,421, 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 $330,356 home should be assessed near $174,924.

Step 3 · Assessed value

$208,100

Set at the last town-wide revaluation and mostly frozen since. That's $33,176 above what the ratio math suggests (19.0%).

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

$5,390/yr
Public schools$2,524
Ocean County$1,211
Town of Berkeley$1,654
Berkeley average$5,442

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

Town median 46.3%
This home · 63.0%

30%80%

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
15 HARBORAGE AVE2025-09$390,0001,00035.9%
1 JOY PL2025-05$334,0001,10055.0%
206 CORNELIUS ST2026-05$410,0001,02951.4%
519 BAY BLVD2025-09$371,0001,05045.9%
17 GLENWOOD DR2025-06$449,9001,05248.6%
145 SHERMAN AVE2025-08$200,0001,16077.0%
145 SHERMAN AVE2025-04$165,0001,16093.4%
124 PATTON AVE2024-12$305,0001,09867.9%
14 ALBATROSS PT2026-01$600,0001,15255.9%
27 GUADELOUPE DR2025-03$300,0001,09236.9%
25 BOLANS CT2025-05$285,0001,09235.8%
229 PT PLEASANT AVE2026-06$385,0001,09245.1%

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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 →