The Fair Share Report
1015 Edgebrook Dr E
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 $302,292 – $392,979, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,451 sq ft.
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 $359,727 home should be assessed near $190,475.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,175 below what the ratio math suggests (25.3%).
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 |
|---|---|---|---|---|
| 26 GRENADA ST | 2026-05 | $240,000 | 1,440 | 52.2% |
| 3 GRENADA ST | 2025-07 | $330,000 | 1,440 | 39.5% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 26 FT DE FRANCE AVE | 2026-02 | $350,000 | 1,440 | 43.8% |
| 119 BARBADOS DR SOUTH | 2025-12 | $359,000 | 1,440 | 38.4% |
| 62 BARBADOS DR SOUTH | 2025-09 | $300,000 | 1,440 | 40.2% |
| 1 MARGARITA ST | 2025-08 | $357,000 | 1,440 | 37.6% |
| 62 BARBADOS DR SOUTH | 2025-08 | $235,000 | 1,440 | 51.3% |
| 14 SCARBOROUGH PL | 2025-01 | $390,000 | 1,440 | 38.9% |
| 5 OXFORD DR | 2025-06 | $385,000 | 1,404 | 60.9% |
| 88 SCARBOROUGH PL | 2025-08 | $292,000 | 1,440 | 50.6% |
| 9 MALLARD RD | 2025-03 | $395,000 | 1,448 | 60.4% |
Is this your house?
Run your own report →