The Fair Share Report
17 Lambert Way
Berkeley, NJ 07304
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 $347,065 – $437,538, 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 $387,755 home should be assessed near $205,316.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,716 below what the ratio math suggests (6.7%).
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 |
|---|---|---|---|---|
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 93 SANDPIPER DR | 2025-03 | $450,000 | 1,516 | 43.8% |
| 30 CARMACKS WAY | 2025-06 | $490,000 | 1,509 | 31.8% |
| 116 CHESTERFIELD LN | 2025-01 | $350,000 | 1,502 | 51.9% |
| 185 PRINCE CHARLES DR | 2026-03 | $419,900 | 1,509 | 45.0% |
| 20 ABERGELE DR | 2025-07 | $438,000 | 1,509 | 42.6% |
| 16 SHERIDAN RD | 2025-10 | $379,900 | 1,451 | 40.4% |
| 60 CANTERBURY LN | 2025-08 | $385,000 | 1,509 | 48.4% |
| 170 CHESTERFIELD LN | 2026-01 | $395,000 | 1,502 | 46.7% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 317 BAYVIEW AVE | 2025-04 | $710,000 | 1,435 | 64.7% |
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