The Fair Share Report
205 Cedar Dr
Berkeley, NJ 07006
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 $238,093 – $456,944, 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 $328,915 home should be assessed near $174,160.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $125,940 above what the ratio math suggests (72.3%).
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%131%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $3,262/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 HARBORAGE AVE | 2025-09 | $390,000 | 1,000 | 35.9% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 55 SECOND AVE | 2025-05 | $275,000 | 864 | 37.0% |
| 9 HAMILTON CT | 2026-04 | $225,000 | 971 | 45.7% |
| 4 CHANCELLOR CT | 2025-11 | $249,000 | 971 | 36.6% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 106 SURF DR | 2025-05 | $1,500,000 | 1,060 | 32.9% |
| 1023 EDGEBROOK DR EAST | 2025-12 | $140,000 | 926 | 74.6% |
| 23 ETON RD | 2025-03 | $225,000 | 971 | 55.8% |
| 10 SURREY CT | 2025-02 | $295,000 | 985 | 34.5% |
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