The Fair Share Report
107 Edgewater 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 $261,599 – $375,865, 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 $348,894 home should be assessed near $184,739.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,739 below what the ratio math suggests (19.3%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.422 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 135 RODHOS ST | 2026-06 | $225,000 | 1,232 | 54.7% |
| 39 FONTANA ST | 2026-03 | $292,500 | 1,232 | 41.1% |
| 236 CABRILLO BLVD | 2026-02 | $350,000 | 1,232 | 51.9% |
| 123 TORREY PINES DR | 2025-10 | $270,000 | 1,232 | 46.1% |
| 33 CABRILLO BLVD | 2025-06 | $425,000 | 1,232 | 42.2% |
| 28 BAHAMIA DR | 2025-09 | $400,000 | 1,232 | 30.9% |
| 1 REDLANDS CT | 2026-05 | $349,000 | 1,232 | 49.2% |
| 81 ENCINITAS DR | 2025-08 | $360,000 | 1,232 | 33.4% |
| 193 BIABOU DR | 2026-03 | $342,500 | 1,232 | 33.1% |
| 102 BIMINI DR | 2025-05 | $250,000 | 1,232 | 49.4% |
| 209 BONAIRE DR | 2025-07 | $364,900 | 1,232 | 36.5% |
| 27 MARACAIBO PL | 2025-11 | $299,900 | 1,232 | 39.8% |
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