The Fair Share Report
12 Fourth St
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 $500,897 – $749,091, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,473 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 $609,396 home should be assessed near $322,675.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,375 below what the ratio math suggests (30.8%).
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
24%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 |
|---|---|---|---|---|
| 9 COVE RD W | 2025-06 | $699,900 | 2,376 | 53.1% |
| 28 COVE RD W | 2025-11 | $1,200,000 | 2,496 | 48.9% |
| 65 NORTH ISLAND RD | 2025-11 | $830,000 | 2,285 | 51.4% |
| 267 CYPRESS DR | 2025-08 | $1,151,500 | 2,418 | 48.4% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 263 LATIMER AVE | 2025-07 | $550,000 | 2,628 | 65.0% |
| 40 MORRIS BLVD | 2025-12 | $585,000 | 2,374 | 52.0% |
| 52 CRANMER RD | 2025-07 | $525,000 | 2,592 | 55.3% |
| 142 PORT ROYAL DR | 2025-01 | $360,000 | 2,330 | 43.9% |
| 129 GUADELOUPE DR | 2025-09 | $409,821 | 2,146 | 56.6% |
| 1095 BAYVIEW AVE | 2025-05 | $750,000 | 2,476 | 53.5% |
| 101 CHELSEA AVE | 2025-11 | $549,900 | 2,748 | 54.6% |
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