The Fair Share Report
107 Bow St
Berkeley, NJ 07057
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 $298,362 – $435,580, 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 $350,944 home should be assessed near $185,825.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $222,275 above what the ratio math suggests (119.6%).
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%142%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $5,757/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 38 KINKORA CT WEST | 2026-03 | $329,000 | 1,440 | 38.9% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 16 LEIGHTON CT | 2025-01 | $290,000 | 1,440 | 55.9% |
| 47 NARBERTH WAY | 2025-12 | $410,000 | 1,545 | 53.7% |
| 2 LUMSDEN ST | 2025-06 | $290,000 | 1,440 | 63.9% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
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