The Fair Share Report
2 Lagos 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 $284,527 – $423,651, 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 $311,952 home should be assessed near $165,179.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,379 below what the ratio math suggests (11.7%).
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
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 |
|---|---|---|---|---|
| 24 SELKIRK AVE | 2025-09 | $340,000 | 1,364 | 37.1% |
| 6 GRAMERCY CT | 2025-03 | $365,000 | 1,364 | 42.6% |
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 22 MADRAS CT | 2026-01 | $320,000 | 1,440 | 39.0% |
| 246 CABRILLO BLVD | 2025-10 | $345,000 | 1,364 | 35.6% |
| 77 CHESTERFIELD LN | 2025-11 | $307,000 | 1,364 | 49.8% |
| 1 ALBONITO DR | 2025-12 | $250,000 | 1,328 | 50.0% |
| 23 AUGUSTA CT | 2025-04 | $306,500 | 1,364 | 41.4% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
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