The Fair Share Report
11 Berkeley Pl
Berkeley, NJ 08721
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 $235,588 – $293,676, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,068 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 $259,176 home should be assessed near $137,234.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,266 above what the ratio math suggests (43.9%).
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%89%
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 $1,561/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 VENEZIA ST | 2025-07 | $330,000 | 1,057 | 48.6% |
| 7 AZTEC CT | 2025-06 | $274,500 | 1,092 | 40.7% |
| 64 PUERTO VALLARTA ST | 2025-04 | $227,500 | 1,092 | 48.4% |
| 189 WESTBROOK DR | 2025-05 | $285,000 | 1,074 | 40.4% |
| 9 CARLISLE RD | 2026-05 | $220,000 | 1,059 | 45.1% |
| 106 BANANIER DR | 2025-05 | $314,900 | 1,092 | 44.7% |
| 81 PUERTO VALLARTA ST | 2025-08 | $269,000 | 1,034 | 40.9% |
| 18 NORTHUMBERLAND DR | 2025-10 | $400,000 | 1,069 | 26.7% |
| 18 NORTHUMBERLAND DR | 2025-06 | $212,500 | 1,069 | 50.3% |
| 24 HAMPSHIRE RD | 2025-12 | $240,000 | 1,088 | 44.0% |
| 8 BASSET DR | 2025-07 | $300,000 | 1,091 | 34.3% |
| 38 ROMAN ST | 2026-03 | $242,500 | 1,092 | 43.2% |
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