The Fair Share Report
1 Le Lamentin 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 $217,851 – $304,481, 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 $259,773 home should be assessed near $137,550.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,550 below what the ratio math suggests (22.9%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.354 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 429 ST THOMAS DR | 2026-03 | $260,000 | 1,147 | 43.1% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 496 ST THOMAS DR | 2026-06 | $273,000 | 1,124 | 40.5% |
| 41 ST DAVID DR | 2026-03 | $220,000 | 1,124 | 48.3% |
| 5 LE LAMENTIN DR | 2026-03 | $220,000 | 1,124 | 51.9% |
| 160 CHARLOTTEVILLE DR S | 2025-12 | $309,000 | 1,124 | 37.9% |
| 85 BARBADOS DR SOUTH | 2025-09 | $343,000 | 1,124 | 32.6% |
| 477 ST THOMAS DR | 2025-08 | $220,000 | 1,124 | 51.0% |
| 471 ST THOMAS DR | 2025-07 | $309,900 | 1,124 | 34.3% |
| 319 ST THOMAS DR | 2025-03 | $265,000 | 1,124 | 39.5% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
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