The Fair Share Report
16 Narberth Way
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 $362,423 – $430,763, 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 $402,826 home should be assessed near $213,296.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,896 below what the ratio math suggests (0.9%).
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 |
|---|---|---|---|---|
| 154 PRINCE CHARLES DR | 2025-10 | $398,000 | 1,615 | 47.0% |
| 1 SOPHIA CT | 2025-08 | $390,000 | 1,545 | 38.9% |
| 51 TRENT DR | 2026-03 | $310,000 | 1,638 | 55.4% |
| 122 WESTPORT DR | 2025-10 | $425,000 | 1,603 | 36.9% |
| 8 THRONBURY CT | 2025-09 | $405,000 | 1,601 | 40.9% |
| 14 PRADO CT | 2025-12 | $330,000 | 1,545 | 45.5% |
| 141 PARADISE BLVD | 2025-05 | $430,000 | 1,601 | 31.1% |
| 32 LAMBERT WAY | 2025-02 | $345,000 | 1,615 | 53.9% |
| 1 CARDIGAN DR | 2025-07 | $445,000 | 1,615 | 42.0% |
| 143 SYLVAN LAKE BLVD | 2025-10 | $392,000 | 1,557 | 48.1% |
| 20 SHERIDAN RD | 2025-04 | $370,000 | 1,595 | 43.6% |
| 8 NEWBURY CT | 2026-06 | $420,000 | 1,509 | 45.7% |
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