The Fair Share Report
1 Joy Pl
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $277,738 – $362,637, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,100 sq ft.
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 $305,556 home should be assessed near $161,792.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,808 above what the ratio math suggests (13.5%).
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
30%72%
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 |
|---|---|---|---|---|
| 229 PT PLEASANT AVE | 2026-06 | $385,000 | 1,092 | 45.1% |
| 103 EDINBURGH CT | 2025-06 | $279,000 | 1,105 | 41.1% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 124 PATTON AVE | 2024-12 | $305,000 | 1,098 | 67.9% |
| 106 SURF DR | 2025-05 | $1,500,000 | 1,060 | 32.9% |
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
| 19 CAMBRIDGE CT | 2026-06 | $238,000 | 1,083 | 44.6% |
| 1086 EDGEBROOK DR SOUTH | 2026-03 | $310,000 | 1,083 | 32.3% |
| 34 CAMBRIDGE CT | 2025-12 | $284,900 | 1,083 | 37.1% |
| 35 CHARLOTTEVILLE DR S | 2026-04 | $349,900 | 1,092 | 5.8% |
| 14 ST PIERRI CT | 2026-03 | $295,000 | 1,092 | 34.9% |
| 53 BARBADOS DR SOUTH | 2026-01 | $237,500 | 1,092 | 45.8% |
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