The Fair Share Report
166 Pheasant 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 $297,671 – $416,245, 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 $366,917 home should be assessed near $194,283.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,717 above what the ratio math suggests (20.4%).
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%84%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 157 GUADELOUPE DR | 2025-04 | $340,000 | 1,484 | 39.6% |
| 513 JAMAICA BLVD | 2026-02 | $355,000 | 1,484 | 50.9% |
| 88 SCARBOROUGH PL | 2025-08 | $292,000 | 1,440 | 50.6% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 20 JEANETTE ST | 2026-05 | $457,250 | 1,498 | 49.5% |
| 210 LAKEWOOD AVE | 2025-04 | $432,100 | 1,474 | 56.8% |
| 9 MALLARD RD | 2025-03 | $395,000 | 1,448 | 60.4% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 427 HARDING AVE | 2025-06 | $509,000 | 1,480 | 47.5% |
| 26 FT DE FRANCE AVE | 2026-02 | $350,000 | 1,440 | 43.8% |
| 119 BARBADOS DR SOUTH | 2025-12 | $359,000 | 1,440 | 38.4% |
| 175 FT DE FRANCE AVE | 2025-12 | $300,000 | 1,440 | 110.0% |
Is this your house?
Run your own report →