The Fair Share Report
12 Panama Ct
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 $323,899 – $429,717, 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 $384,496 home should be assessed near $203,591.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,791 below what the ratio math suggests (18.6%).
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 $2.439 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
30%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 |
|---|---|---|---|---|
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 23 ZEELAND DR | 2025-11 | $400,000 | 1,514 | 39.2% |
| 75 WHITMORE DR | 2025-09 | $530,000 | 1,514 | 41.4% |
| 6 FAIRFIELD RD | 2025-02 | $277,500 | 1,494 | 45.4% |
| 105 CASTLETON DR | 2025-12 | $330,000 | 1,514 | 38.7% |
| 9 HARMONY RD | 2025-11 | $390,000 | 1,514 | 32.7% |
| 61 OAKFIELD RD | 2025-10 | $335,000 | 1,514 | 38.0% |
| 15 BEAVERBROOK DR | 2025-08 | $335,000 | 1,514 | 37.3% |
| 1 CARLSBAD DR | 2026-01 | $360,000 | 1,544 | 51.8% |
| 34 BEAVERBROOK DR | 2025-04 | $379,900 | 1,488 | 41.8% |
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