The Fair Share Report
1031 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 $280,852 – $401,910, 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 $324,096 home should be assessed near $171,609.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,009 below what the ratio math suggests (14.6%).
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 |
|---|---|---|---|---|
| 136 GEORGETOWN RD | 2025-09 | $285,000 | 1,340 | 41.7% |
| 77 WESTBROOK DR | 2025-08 | $405,000 | 1,318 | 45.6% |
| 6 COVENTRY RD | 2025-09 | $240,000 | 1,340 | 47.3% |
| 41 ETON RD | 2025-07 | $343,500 | 1,338 | 35.2% |
| 87 RONALD AVE SOUTH | 2025-06 | $624,000 | 1,284 | 51.8% |
| 162 HARRINGTON DR NORTH | 2026-02 | $295,000 | 1,328 | 40.9% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 49 ETON RD | 2026-05 | $315,200 | 1,318 | 38.0% |
| 4 ROMAN ST | 2025-03 | $385,000 | 1,328 | 44.6% |
| 151 GUADELOUPE DR | 2026-04 | $317,500 | 1,328 | 37.8% |
| 19 PORT ROYAL DR | 2025-07 | $242,000 | 1,328 | 71.4% |
| 65 NORTHUMBERLAND DR | 2026-04 | $350,000 | 1,318 | 34.9% |
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