The Fair Share Report
20 Lumsden 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 $258,738 – $362,786, 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 $325,213 home should be assessed near $172,200.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,500 below what the ratio math suggests (32.8%).
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
26%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 |
|---|---|---|---|---|
| 2108 CENTRAL AVE 10 | 2025-08 | $649,000 | 1,225 | 42.9% |
| 118 ORLANDO BLVD | 2026-06 | $319,900 | 1,232 | 40.5% |
| 5 TEMPLETON ST | 2026-05 | $300,000 | 1,232 | 40.1% |
| 49 SABINAS ST | 2026-05 | $267,000 | 1,232 | 46.3% |
| 25 SAN CARLOS ST | 2026-02 | $332,500 | 1,232 | 35.7% |
| 132 FREEPORT BLVD | 2026-01 | $365,000 | 1,232 | 39.6% |
| 62 VIRGIN ISLANDS DR | 2025-11 | $307,000 | 1,232 | 39.6% |
| 16 CALALOU CT | 2025-10 | $225,000 | 1,232 | 54.9% |
| 82 VIRGIN ISLANDS DR | 2025-10 | $404,999 | 1,232 | 29.7% |
| 18 ORLANDO BLVD | 2025-09 | $250,000 | 1,232 | 48.5% |
| 128 FREEPORT BLVD | 2025-06 | $367,000 | 1,232 | 33.5% |
| 9 LUMSDEN CT | 2025-06 | $365,000 | 1,232 | 34.2% |
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