The Fair Share Report
2 Fallow Ct
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 $714,378 – $845,175, 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 $788,458 home should be assessed near $417,489.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,111 above what the ratio math suggests (1.7%).
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 |
|---|---|---|---|---|
| 7 KEVIN COURT | 2025-11 | $835,000 | 2,787 | 62.6% |
| 4 SANDER WAY | 2025-06 | $765,000 | 2,780 | 55.7% |
| 394 NIXON AVE | 2025-12 | $885,000 | 2,802 | 41.7% |
| 148 COLLERAN PL | 2025-04 | $620,000 | 2,816 | 48.3% |
| 1 PADDOCK CT | 2026-03 | $832,500 | 2,911 | 53.8% |
| 324 NOLAN AVE | 2025-10 | $770,000 | 2,538 | 50.6% |
| 4 BRIDLE PATH | 2025-08 | $719,900 | 2,465 | 47.8% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
| 240 FERNWOOD DR | 2025-09 | $1,049,000 | 2,420 | 50.3% |
| 301 HOOVER AVE | 2026-06 | $740,000 | 2,811 | 50.9% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 369 HAYES AVE | 2026-01 | $775,000 | 2,381 | 47.7% |
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