The Fair Share Report
13 Edgewater Dr
Berkeley, NJ 08753
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 $233,405 – $321,786, 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 $282,491 home should be assessed near $149,579.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,579 below what the ratio math suggests (13.8%).
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 $2.396 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 |
|---|---|---|---|---|
| 72 MILLBROOK DR | 2025-08 | $314,900 | 1,131 | 44.1% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 2 SHEEPSHEAD DR | 2025-09 | $292,000 | 1,153 | 47.2% |
| 27 WHITAKER DR | 2025-11 | $240,000 | 1,153 | 56.5% |
| 1 MANASSAS DR | 2025-08 | $245,000 | 1,153 | 56.5% |
| 21 NOSTRAND DR | 2026-01 | $200,000 | 1,153 | 66.8% |
| 32 BUGLE CT | 2025-07 | $265,000 | 1,121 | 49.9% |
| 8 REDLANDS CT | 2026-04 | $280,000 | 1,124 | 43.4% |
| 3 BONAIRE DR | 2025-08 | $217,000 | 1,124 | 69.0% |
| 135 NORTHUMBERLAND DR | 2026-04 | $335,000 | 1,139 | 31.1% |
| 37 ZEELAND DR | 2026-05 | $292,000 | 1,153 | 32.5% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
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