The Fair Share Report
15 Prado 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 $332,055 – $406,387, 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 $375,159 home should be assessed near $198,647.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,047 below 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%
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 |
|---|---|---|---|---|
| 44 CANTERBURY LN | 2025-05 | $370,000 | 1,415 | 48.4% |
| 32 KINKORA CT WEST | 2025-09 | $380,000 | 1,446 | 33.6% |
| 58 TRENT DR | 2025-06 | $355,000 | 1,461 | 45.2% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 40 PRINCE CHARLES DR | 2025-10 | $398,000 | 1,446 | 43.6% |
| 124 SAN CARLOS ST | 2025-02 | $450,000 | 1,448 | 36.8% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 59 TRENT DR | 2025-05 | $355,000 | 1,502 | 50.3% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
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