The Fair Share Report
148 Pheasant Dr
Berkeley, NJ 08721
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 $404,510 – $498,525, 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 $473,781 home should be assessed near $250,867.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,333 above what the ratio math suggests (10.1%).
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%74%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 310 ATLANTIC CITY AVE | 2025-07 | $495,000 | 1,750 | 46.9% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 38 BELMONT AVE | 2025-12 | $495,000 | 1,736 | 51.8% |
| 318 BAY BLVD | 2025-05 | $493,500 | 1,746 | 47.2% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 26 BELMONT AVE | 2025-05 | $467,500 | 1,712 | 50.3% |
| 235 LONG BRANCH AVE | 2025-08 | $480,000 | 1,612 | 51.5% |
| 238 LAKEWOOD AVE | 2025-08 | $310,000 | 1,612 | 71.0% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 217 NO BAY DR | 2025-12 | $635,000 | 1,910 | 57.2% |
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