The Fair Share Report
113 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 $387,708 – $574,897, 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 $506,458 home should be assessed near $268,170.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $189,230 above what the ratio math suggests (70.6%).
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%123%
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 $4,901/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 73 TIMBERLINE RD | 2025-11 | $550,000 | 1,768 | 50.0% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 11 OAKENGATES DR | 2025-06 | $419,900 | 1,826 | 48.0% |
| 4 BRANCHWOOD PL | 2026-05 | $640,000 | 1,890 | 51.8% |
| 22 DOLPHIN CIRCLE WEST | 2026-03 | $580,000 | 1,817 | 43.9% |
| 15 DOLPHIN CIRCLE WEST | 2026-05 | $515,000 | 1,642 | 45.7% |
| 58 WINTERTON DR | 2025-05 | $475,000 | 1,862 | 36.4% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 27 FREDERICK DR | 2025-10 | $480,000 | 1,668 | 56.0% |
| 168 CHESTERFIELD LN | 2026-02 | $380,000 | 1,862 | 57.3% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
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