The Fair Share Report
2 Elevthera St
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 $219,315 – $315,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 sq ft.
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 $262,432 home should be assessed near $138,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,342 above what the ratio math suggests (17.5%).
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%80%
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 |
|---|---|---|---|---|
| 4 ST CROIX ST | 2025-06 | $315,000 | 1,124 | 54.7% |
| 54 TORTOLA ST | 2025-04 | $280,000 | 1,124 | 39.6% |
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 40 MONTSERRAT ST | 2025-01 | $280,000 | 1,124 | 42.4% |
| 306 ST THOMAS DR | 2026-02 | $245,000 | 1,124 | 42.8% |
| 45 PORT ROYAL DR | 2024-12 | $255,000 | 1,124 | 44.5% |
| 22 MARGARITA ST | 2025-08 | $375,000 | 1,124 | 45.5% |
| 324 ST THOMAS DR | 2026-06 | $339,000 | 1,124 | 51.2% |
| 36 TORTOLA ST | 2026-05 | $255,000 | 1,124 | 43.7% |
| 166 HARRINGTON DR NORTH | 2025-04 | $289,900 | 1,124 | 50.1% |
| 30 SHERWOOD LN | 2025-09 | $219,900 | 1,127 | 48.0% |
| 82 FT DE FRANCE AVE | 2025-10 | $350,000 | 1,124 | 30.6% |
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