The Fair Share Report
1 Oakengates 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 $286,434 – $437,275, 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 $353,474 home should be assessed near $187,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,364 below what the ratio math suggests (2.9%).
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 $2.452 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
30%69%
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 |
|---|---|---|---|---|
| 199 CANTERBURY LN | 2025-08 | $290,000 | 1,441 | 53.5% |
| 4 NORWAY RD | 2025-07 | $349,000 | 1,404 | 38.5% |
| 34 WESTPORT DR | 2025-07 | $290,000 | 1,404 | 60.5% |
| 2 WYCOMBE CT | 2025-06 | $355,000 | 1,461 | 50.3% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 119 CASTLETON DR | 2025-05 | $293,000 | 1,404 | 41.6% |
| 27 FAIRFIELD RD | 2025-04 | $363,000 | 1,404 | 34.3% |
| 317 BAYVIEW AVE | 2025-04 | $710,000 | 1,435 | 64.7% |
| 23 FAIRFIELD RD | 2025-05 | $419,000 | 1,404 | 42.9% |
| 7 BEAVERBROOK DR | 2025-09 | $339,500 | 1,404 | 43.5% |
| 14 CORTLANDT DR | 2025-03 | $382,500 | 1,404 | 39.0% |
| 82 SPINNAKER CT | 2025-11 | $735,000 | 1,401 | 50.6% |
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