The Fair Share Report
14 Madera 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 $370,451 – $472,489, 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 $397,158 home should be assessed near $210,295.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,895 below what the ratio math suggests (16.1%).
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
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 |
|---|---|---|---|---|
| 47 NARBERTH WAY | 2025-12 | $410,000 | 1,545 | 53.7% |
| 64 CANTERBURY LN | 2025-06 | $390,000 | 1,564 | 47.4% |
| 54 STORM JIB CT | 2025-10 | $680,000 | 1,529 | 56.6% |
| 8 THRONBURY CT | 2025-09 | $405,000 | 1,601 | 40.9% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 24 MARACAIBO PL | 2025-12 | $465,000 | 1,584 | 44.6% |
| 5 TRENT DR | 2025-02 | $330,000 | 1,615 | 65.2% |
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