The Fair Share Report
147 Pheasant Dr
Berkeley, NJ 08721
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Berkeley, but below NJ's legal appeal line (60.89%), where a case becomes winnable.
Step 1 · Market value
Likely range $310,781 – $508,912, 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 $413,965 home should be assessed near $219,194.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,806 above what the ratio math suggests (22.7%).
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 $2.497 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%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 228 SANDLEWOOD DR | 2025-08 | $575,000 | 1,620 | 60.3% |
| 68 SHERMAN AVE | 2025-08 | $340,000 | 1,658 | 74.4% |
| 235 LONG BRANCH AVE | 2025-08 | $480,000 | 1,612 | 51.5% |
| 238 LAKEWOOD AVE | 2025-08 | $310,000 | 1,612 | 71.0% |
| 228 ELIZABETH AVE | 2025-10 | $425,000 | 1,660 | 48.5% |
| 63 CHARLOTTEVILLE DR S | 2025-01 | $400,000 | 1,604 | 88.0% |
| 76 RONALD AVE SOUTH | 2025-10 | $905,000 | 1,694 | 45.8% |
| 234 LAKEWOOD AVE | 2026-05 | $525,000 | 1,593 | 43.6% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 2 WIDGEON DR | 2025-07 | $370,000 | 1,588 | 61.3% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
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