The Fair Share Report

928 Main St

Berkeley, NJ 07078

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

≈ $636,804

Likely range $544,358 – $691,082, 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 $636,804 home should be assessed near $337,188.

Step 3 · Assessed value

$371,000

Set at the last town-wide revaluation and mostly frozen since. That's $33,812 above what the ratio math suggests (10.0%).

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

$9,609/yr
Public schools$4,500
Ocean County$2,159
Town of Berkeley$2,949
Berkeley average$5,442

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

Town median 46.3%
This home · 58.3%

30%74%

A touch high — worth watching

This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
28 DOLPHIN CIRCLE WEST2025-06$580,0002,08448.4%
234 SECOND AVE2025-12$589,0002,04948.4%
281 EVERGREEN DR2026-04$1,200,0002,23747.1%
12 BRIDLE PATH2025-09$715,0002,20148.4%
96 BRIDLE PATH2025-09$700,0002,27649.9%
70 BRIDLE PATH2025-06$689,0002,20145.9%
100 TWENTIETH AVE2025-04$982,5001,94552.2%
419 SECOND AVE2026-06$600,0002,37441.1%
184 FIFTH AVE2025-08$705,0002,29547.4%
13 SKIMMER LANE2026-03$490,0002,00453.1%
14 OSPREY LANE2025-07$540,0002,00455.3%
6 OSPREY LANE2025-06$520,0002,00449.6%

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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 →