The Fair Share Report
10 Oakham Ct
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 $278,452 – $349,000, 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 $310,233 home should be assessed near $164,268.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,132 above what the ratio math suggests (1.3%).
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 |
|---|---|---|---|---|
| 8 MERRILEE LN | 2026-04 | $310,000 | 1,328 | 51.1% |
| 25 CANTERBURY LN | 2025-03 | $310,000 | 1,328 | 74.2% |
| 77 CHESTERFIELD LN | 2025-11 | $307,000 | 1,364 | 49.8% |
| 23 BURLINGTON CT | 2025-08 | $326,131 | 1,360 | 53.4% |
| 23 AUBURN RD | 2025-08 | $385,000 | 1,360 | 32.4% |
| 72 NARBERTH WAY | 2026-02 | $380,000 | 1,356 | 236.6% |
| 72 NARBERTH WAY | 2025-04 | $355,000 | 1,356 | 253.2% |
| 78 TROUMAKA ST | 2025-08 | $246,000 | 1,328 | 51.7% |
| 185 CABRILLO BLVD | 2025-07 | $275,000 | 1,328 | 45.2% |
| 6 GWYN CT | 2025-03 | $350,000 | 1,356 | 48.5% |
| 5 EASTON RD | 2025-04 | $305,000 | 1,360 | 62.4% |
| 20 INNSBRUCK DR | 2025-08 | $285,000 | 1,328 | 41.7% |
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