The Fair Share Report
2 Paddock 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 $705,843 – $864,272, 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 $784,226 home should be assessed near $415,248.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,252 above what the ratio math suggests (11.6%).
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
30%71%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 PADDOCK CT | 2026-03 | $832,500 | 2,911 | 53.8% |
| 7 KEVIN COURT | 2025-11 | $835,000 | 2,787 | 62.6% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 394 NIXON AVE | 2025-12 | $885,000 | 2,802 | 41.7% |
| 148 COLLERAN PL | 2025-04 | $620,000 | 2,816 | 48.3% |
| 4 SANDER WAY | 2025-06 | $765,000 | 2,780 | 55.7% |
| 50 PLEASANT VALLEY CT | 2025-01 | $809,000 | 3,097 | 51.1% |
| 175 SOUTHERN BLVD | 2025-09 | $715,000 | 2,896 | 52.0% |
| 24 BUCKLEY LN | 2025-05 | $785,000 | 2,955 | 53.5% |
| 324 NOLAN AVE | 2025-10 | $770,000 | 2,538 | 50.6% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 301 HOOVER AVE | 2026-06 | $740,000 | 2,811 | 50.9% |
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