The Fair Share Report
2 Herald Ct
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 $268,220 – $367,007, 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 $335,288 home should be assessed near $177,535.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,835 below what the ratio math suggests (28.6%).
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
29%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 |
|---|---|---|---|---|
| 16 ELDORADO ST | 2025-08 | $325,000 | 1,232 | 39.5% |
| 65 NORTHUMBERLAND DR | 2026-04 | $350,000 | 1,318 | 34.9% |
| 13 SHAW CT | 2026-02 | $291,000 | 1,229 | 45.5% |
| 214 HARRINGTON DR NORTH | 2025-12 | $355,000 | 1,246 | 50.0% |
| 111 LANGLEY CT | 2025-07 | $409,000 | 1,318 | 31.8% |
| 143 WESTBROOK DR | 2025-06 | $290,000 | 1,318 | 39.9% |
| 2 VAN GOGH ST | 2025-11 | $263,000 | 1,232 | 44.0% |
| 8 ST KITTS DR | 2025-06 | $270,000 | 1,232 | 43.6% |
| 4 ROMAN ST | 2025-03 | $385,000 | 1,328 | 44.6% |
| 6 COVENTRY RD | 2025-09 | $240,000 | 1,340 | 47.3% |
| 77 WESTBROOK DR | 2025-08 | $405,000 | 1,318 | 45.6% |
| 267 CHARLOTTEVILLE DR N | 2025-01 | $279,000 | 1,214 | 41.9% |
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