The Fair Share Report
10 Jonathan Dr
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 $647,666 – $769,309, 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 $681,961 home should be assessed near $361,098.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,902 above what the ratio math suggests (14.7%).
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%69%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 12 MICHELLE LN | 2025-02 | $655,000 | 2,478 | 55.7% |
| 25 STOLLMAN ST | 2026-04 | $775,000 | 2,723 | 49.7% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 18 YAFFA RD | 2025-04 | $725,000 | 2,322 | 49.9% |
| 336 ARLINGTON AVE | 2026-03 | $570,565 | 2,282 | 61.9% |
| 39 BRITTANY DR | 2025-12 | $680,000 | 2,515 | 51.7% |
| 126 MANHATTAN AVE | 2025-10 | $700,000 | 2,527 | 59.3% |
| 421 PRINCETON AVE | 2025-05 | $675,000 | 2,304 | 49.4% |
| 26 SLOOP CREEK RD | 2025-05 | $625,000 | 2,392 | 61.0% |
| 353 LIVINGSTON AVE | 2026-05 | $600,000 | 2,434 | 48.1% |
| 449 MONTGOMERY ST | 2025-11 | $800,000 | 2,388 | 42.0% |
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