The Fair Share Report
20 Edison St
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 $248,898 – $363,297, from 12 comparable Berkeley sales in the past 18 months, at this home's 912 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 $305,158 home should be assessed near $161,581.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,419 above what the ratio math suggests (20.7%).
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%84%
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 |
|---|---|---|---|---|
| KINGS GATE CONDO C5 | 2025-10 | $801,000 | 910 | 44.8% |
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 27 SYLVAN LAKE BLVD | 2026-06 | $350,550 | 880 | 52.0% |
| 46 PHEASANT DR | 2025-01 | $299,500 | 880 | 69.2% |
| 937 EDGEBROOK DR NORTH | 2026-01 | $170,000 | 816 | 59.1% |
| 27 CARVER ST | 2025-11 | $368,000 | 1,044 | 51.4% |
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 63 BRAKENBURY DR | 2026-04 | $265,000 | 971 | 35.8% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
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