The Fair Share Report
15 Frederick 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 $245,198 – $419,157, 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 $308,855 home should be assessed near $163,539.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,861 above what the ratio math suggests (12.1%).
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%80%
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 |
|---|---|---|---|---|
| 124 PATTON AVE | 2024-12 | $305,000 | 1,098 | 67.9% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 17 GLENWOOD DR | 2025-06 | $449,900 | 1,052 | 48.6% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 23 MALLARD RD | 2025-04 | $360,000 | 1,152 | 61.2% |
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 145 OCEAN GATE DR | 2025-04 | $440,000 | 1,020 | 36.0% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 31 SOUTHAMPTON RD | 2026-02 | $255,000 | 1,079 | 39.3% |
| 1086 EDGEBROOK DR SOUTH | 2026-03 | $310,000 | 1,083 | 32.3% |
| 34 CAMBRIDGE CT | 2025-12 | $284,900 | 1,083 | 37.1% |
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