The Fair Share Report
112 Bow St
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 $414,586 – $656,486, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,846 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 $470,918 home should be assessed near $249,351.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,349 above what the ratio math suggests (8.6%).
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%71%
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 |
|---|---|---|---|---|
| 16 SANDHURST CT | 2025-09 | $522,000 | 1,928 | 45.9% |
| 168 CHESTERFIELD LN | 2026-02 | $380,000 | 1,862 | 57.3% |
| 265 CYPRESS DR | 2025-11 | $1,055,000 | 1,873 | 51.3% |
| 9 WESTGATE CT | 2026-05 | $409,000 | 1,728 | 48.5% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 73 TIMBERLINE RD | 2025-11 | $550,000 | 1,768 | 50.0% |
| 11 OAKENGATES DR | 2025-06 | $419,900 | 1,826 | 48.0% |
| 409 BIRCH ST | 2025-05 | $482,500 | 1,800 | 56.3% |
| 92 BUTLER AVE | 2025-06 | $447,000 | 1,832 | 47.8% |
| 58 WINTERTON DR | 2025-05 | $475,000 | 1,862 | 36.4% |
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