The Fair Share Report
178 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 $336,580 – $474,777, 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 $392,404 home should be assessed near $207,778.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,822 above what the ratio math suggests (10.5%).
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%74%
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 |
|---|---|---|---|---|
| 20 SYLVAN LAKE BLVD | 2025-09 | $465,000 | 1,440 | 54.7% |
| 55 SOUTH AVE | 2025-08 | $525,000 | 1,404 | 44.4% |
| 6 GROUSE DR | 2025-04 | $472,500 | 1,464 | 53.4% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 220 LONG BRANCH AVE | 2025-02 | $416,350 | 1,344 | 46.1% |
| 175 FT DE FRANCE AVE | 2025-12 | $300,000 | 1,440 | 110.0% |
| 9 MALLARD RD | 2025-03 | $395,000 | 1,448 | 60.4% |
| 151 HUNTLEY AVE | 2025-10 | $375,000 | 1,590 | 38.1% |
| 144 RED BANK AVE | 2025-09 | $285,000 | 1,316 | 70.8% |
| 327 HAYES AVE | 2025-04 | $480,000 | 1,368 | 44.2% |
| 5 OXFORD DR | 2025-06 | $385,000 | 1,404 | 60.9% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
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