The Fair Share Report
14 Biscayne St
Berkeley, NJ 08876
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 $229,317 – $326,347, 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 $280,854 home should be assessed near $148,712.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,412 below what the ratio math suggests (43.3%).
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 $2.293 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
20%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 PALMETTO PT ST | 2026-05 | $325,000 | 1,034 | 32.3% |
| 45 BONAIRE DR | 2025-09 | $332,091 | 1,034 | 30.6% |
| 7 BONAIRE DR | 2025-09 | $250,000 | 1,034 | 40.4% |
| 6 BIMINI DR | 2026-04 | $343,000 | 1,034 | 30.1% |
| 81 PUERTO VALLARTA ST | 2025-08 | $269,000 | 1,034 | 40.9% |
| 3 BASSET CT | 2025-01 | $290,000 | 1,031 | 34.3% |
| 18 CABRILLO BLVD | 2026-04 | $325,000 | 1,034 | 48.2% |
| 88 WESTBROOK DR | 2025-04 | $285,000 | 1,031 | 47.8% |
| 38 NORTHUMBERLAND DR | 2025-12 | $200,000 | 990 | 50.3% |
| 302 BARBADOS DR NORTH | 2025-07 | $255,000 | 1,092 | 43.4% |
| 23 MARATHON ST | 2025-07 | $250,000 | 1,092 | 38.8% |
| 80 BRAKENBURY DR | 2025-07 | $225,000 | 1,059 | 244.4% |
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