The Fair Share Report
116 Georgetown Rd
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 $221,947 – $290,329, 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 $263,301 home should be assessed near $139,418.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,618 below what the ratio math suggests (31.3%).
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
28%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 |
|---|---|---|---|---|
| 527 JAMAICA BLVD | 2025-11 | $265,000 | 1,092 | 84.2% |
| 34 TORTOLA ST | 2025-11 | $244,000 | 1,092 | 47.3% |
| 24 HARRINGTON DR SOUTH | 2025-09 | $395,000 | 1,092 | 33.6% |
| 440 ST THOMAS DR | 2025-04 | $240,000 | 1,092 | 45.7% |
| 42 HARRINGTON DR SOUTH | 2025-01 | $235,000 | 1,092 | 43.3% |
| 25 ST MARTIN PL | 2026-05 | $275,000 | 1,092 | 39.4% |
| 36 ST CROIX ST | 2025-06 | $335,000 | 1,092 | 47.0% |
| 23 ANGUILLA LN | 2025-06 | $276,000 | 1,092 | 38.6% |
| 13 ST MARTIN PL | 2025-05 | $218,000 | 1,092 | 72.3% |
| 25 BOLANS CT | 2025-05 | $285,000 | 1,092 | 35.8% |
| 434 ST THOMAS DR | 2025-04 | $229,000 | 1,092 | 66.5% |
| 278 BARBADOS DR NORTH | 2025-04 | $190,000 | 1,092 | 83.3% |
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