The Fair Share Report
92 Bimini 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $347,298 – $558,627, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $456,250 home should be assessed near $241,584.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,984 below what the ratio math suggests (19.4%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
29%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 501 EASTERN BLVD | 2025-03 | $560,000 | 1,732 | 49.6% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 365 CENTRAL BLVD | 2025-07 | $550,000 | 1,680 | 49.3% |
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 356 RAILROAD AVE | 2025-10 | $535,000 | 1,636 | 50.8% |
| 317 TRENTON AVE NORTH | 2025-09 | $480,000 | 1,635 | 49.4% |
| 210 MIDWAY AVE | 2026-04 | $1,200,000 | 1,740 | 36.0% |
| 268 HARRINGTON DR NORTH | 2025-10 | $464,900 | 1,661 | 46.3% |
| 4 PEBBLE BEACH CT | 2026-06 | $255,000 | 1,712 | 48.4% |
| 4 PEBBLE BEACH CT | 2026-04 | $175,000 | 1,712 | 70.6% |
| 66 LIBERTA DR | 2025-12 | $409,900 | 1,608 | 53.3% |
| 9 TEMPLETON ST | 2025-06 | $450,000 | 1,656 | 46.3% |
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