The Fair Share Report
116 Cedar Run Rd
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 $711,192 – $955,111, 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 $846,765 home should be assessed near $448,362.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $249,838 above what the ratio math suggests (55.7%).
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%104%
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 $6,471/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 56 TIMBERLINE RD | 2026-06 | $768,000 | 3,490 | 50.1% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 68 MOORAGE AVE | 2026-06 | $950,000 | 3,366 | 61.7% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 24 BUCKLEY LN | 2025-05 | $785,000 | 2,955 | 53.5% |
| 1 PADDOCK CT | 2026-03 | $832,500 | 2,911 | 53.8% |
| 175 SOUTHERN BLVD | 2025-09 | $715,000 | 2,896 | 52.0% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 148 COLLERAN PL | 2025-04 | $620,000 | 2,816 | 48.3% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
Is this your house?
Run your own report →