The Fair Share Report
1053 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 $235,430 – $310,271, 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 $272,514 home should be assessed near $144,296.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,396 below what the ratio math suggests (29.4%).
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
27%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 |
|---|---|---|---|---|
| 36 GRENADA ST | 2025-04 | $242,000 | 1,126 | 39.0% |
| 103 EDINBURGH CT | 2025-06 | $279,000 | 1,105 | 41.1% |
| 7 OXFORD DR | 2025-11 | $295,000 | 1,140 | 84.4% |
| 31 CHARLOTTEVILLE DR S | 2026-02 | $281,000 | 1,124 | 2.7% |
| 97 FT DE FRANCE AVE | 2025-10 | $305,000 | 1,124 | 53.2% |
| 6 BARBUDA ST | 2025-09 | $255,000 | 1,124 | 43.0% |
| 5 SINT NICHOLAAS CT | 2025-06 | $320,000 | 1,124 | 33.6% |
| 51 BARBADOS DR SOUTH | 2025-05 | $260,000 | 1,124 | 53.2% |
| 77 GUADELOUPE DR | 2025-03 | $313,000 | 1,124 | 48.6% |
| 31 GUADELOUPE DR | 2025-02 | $239,000 | 1,124 | 65.3% |
| 259 KELLER ST | 2025-10 | $390,000 | 1,120 | 53.5% |
| 30 SHERWOOD LN | 2025-09 | $219,900 | 1,127 | 48.0% |
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