The Fair Share Report
1 Olympic St
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 $275,892 – $354,108, 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 $301,524 home should be assessed near $159,657.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,457 below what the ratio math suggests (8.4%).
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
30%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 |
|---|---|---|---|---|
| 119 EDGEWATER CT | 2026-04 | $315,000 | 1,404 | 48.3% |
| 14 EDGEWATER DR | 2025-10 | $350,000 | 1,404 | 43.6% |
| 127 TROUMAKA ST | 2026-06 | $250,000 | 1,364 | 47.1% |
| 2 SEVILLE PL | 2026-02 | $300,000 | 1,364 | 40.5% |
| 41 NOSTRAND DR | 2026-05 | $305,000 | 1,404 | 50.5% |
| 266 WESTBROOK DR | 2025-11 | $315,000 | 1,404 | 47.8% |
| 2 ST ANDREWS CT | 2025-01 | $275,000 | 1,364 | 46.3% |
| 26 NOSTRAND DR | 2026-05 | $285,000 | 1,404 | 52.3% |
| 156 CASTLETON DR | 2025-12 | $200,000 | 1,404 | 62.0% |
| 56 MILLBROOK DR | 2025-10 | $477,000 | 1,360 | 31.4% |
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
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