The Fair Share Report
115 Nostrand Dr
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 $329,360 – $433,517, 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 $366,261 home should be assessed near $193,935.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,635 below what the ratio math suggests (22.0%).
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 $2.425 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
29%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 |
|---|---|---|---|---|
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 6 SNOWDON CT | 2025-12 | $400,000 | 1,440 | 46.0% |
| 5 CORFU CT | 2026-04 | $515,000 | 1,440 | 36.8% |
| 5 CORFU CT | 2025-10 | $479,900 | 1,440 | 39.5% |
| 97 SANDPIPER DR | 2025-03 | $365,000 | 1,398 | 49.6% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 351 JAMAICA BLVD | 2025-11 | $399,500 | 1,509 | 41.3% |
| 51 WINTERTON DR | 2026-01 | $387,000 | 1,509 | 38.7% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 41 WINTERTON DR | 2026-02 | $450,000 | 1,509 | 34.2% |
| 42 PORTSMOUTH DR | 2025-03 | $340,000 | 1,440 | 53.1% |
| 6 GWYN CT | 2025-03 | $350,000 | 1,356 | 48.5% |
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