The Fair Share Report
20 Pheasant Dr
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 $473,774 – $659,137, 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 $522,815 home should be assessed near $276,831.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,669 above what the ratio math suggests (10.0%).
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
30%70%
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 |
|---|---|---|---|---|
| 119 BOLINGBROKE CT | 2025-07 | $390,000 | 1,824 | 73.3% |
| 217 NO BAY DR | 2025-12 | $635,000 | 1,910 | 57.2% |
| 12 CARLYLE DR | 2025-07 | $700,000 | 1,970 | 79.0% |
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 343 CLIFTON AVE | 2025-08 | $480,000 | 1,788 | 49.4% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 519 TRENTON AVE SOUTH | 2025-08 | $500,000 | 1,920 | 51.5% |
| 23 PELICAN DR | 2025-11 | $720,000 | 1,912 | 41.3% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 365 CENTRAL BLVD | 2025-07 | $550,000 | 1,680 | 49.3% |
| 501 EASTERN BLVD | 2025-03 | $560,000 | 1,732 | 49.6% |
| 228 ELIZABETH AVE | 2025-10 | $425,000 | 1,660 | 48.5% |
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