The Fair Share Report
15 Elevthera St
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 $245,000 – $315,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 sq ft.
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 $262,432 home should be assessed near $138,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,358 below what the ratio math suggests (7.5%).
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 |
|---|---|---|---|---|
| 54 TORTOLA ST | 2025-04 | $280,000 | 1,124 | 39.6% |
| 4 ST CROIX ST | 2025-06 | $315,000 | 1,124 | 54.7% |
| 45 PORT ROYAL DR | 2024-12 | $255,000 | 1,124 | 44.5% |
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 36 TORTOLA ST | 2026-05 | $255,000 | 1,124 | 43.7% |
| 166 HARRINGTON DR NORTH | 2025-04 | $289,900 | 1,124 | 50.1% |
| 3 BONAIRE DR | 2025-08 | $217,000 | 1,124 | 69.0% |
| 306 ST THOMAS DR | 2026-02 | $245,000 | 1,124 | 42.8% |
| 62 CASTLE HARBOR DR | 2025-12 | $326,500 | 1,124 | 52.6% |
| 31 CARLISLE RD | 2025-07 | $265,000 | 1,121 | 37.9% |
| 8 BRAKENBURY CT | 2025-07 | $325,000 | 1,140 | 40.0% |
| 22 MARGARITA ST | 2025-08 | $375,000 | 1,124 | 45.5% |
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