The Fair Share Report
20 Panama 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 $320,000 – $425,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,440 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 $335,000 home should be assessed near $177,383.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,583 below what the ratio math suggests (28.0%).
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
25%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 9 GRAMERCY CT | 2025-10 | $245,000 | 1,440 | 64.9% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 8 CHOPIN CT | 2025-02 | $335,000 | 1,440 | 48.2% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 23 AUGUSTA CT | 2025-04 | $306,500 | 1,364 | 41.4% |
| 22 MADRAS CT | 2026-01 | $320,000 | 1,440 | 39.0% |
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