The Fair Share Report
16 Good Luck Dr
Berkeley, NJ 07032
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 $329,963 – $485,683, 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 $368,614 home should be assessed near $195,181.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $282,119 above what the ratio math suggests (144.5%).
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 $2.538 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%150%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $7,307/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 168 GRAND CENTRAL PKWY | 2026-02 | $465,000 | 1,400 | 55.7% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 33 BLUE HERON LANE | 2026-05 | $483,500 | 1,495 | 50.8% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 12 BLUE HERON LANE | 2025-08 | $582,900 | 1,565 | 42.7% |
| 72 NARBERTH WAY | 2026-02 | $380,000 | 1,356 | 236.6% |
| 72 NARBERTH WAY | 2025-04 | $355,000 | 1,356 | 253.2% |
| 13 THORNTON RD | 2026-06 | $315,000 | 1,404 | 133.8% |
| 18 BLUE HERON LANE | 2025-05 | $585,000 | 1,579 | 44.0% |
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