The Fair Share Report
21 Edgewater Dr
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 $358,876 – $486,392, 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 $437,698 home should be assessed near $231,761.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,961 below what the ratio math suggests (3.0%).
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%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 |
|---|---|---|---|---|
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 4 PEBBLE BEACH CT | 2026-06 | $255,000 | 1,712 | 48.4% |
| 4 PEBBLE BEACH CT | 2026-04 | $175,000 | 1,712 | 70.6% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 9 TEMPLETON ST | 2025-06 | $450,000 | 1,656 | 46.3% |
| 66 LIBERTA DR | 2025-12 | $409,900 | 1,608 | 53.3% |
| 78 TOP SAIL CT | 2025-08 | $665,000 | 1,819 | 63.3% |
| 268 HARRINGTON DR NORTH | 2025-10 | $464,900 | 1,661 | 46.3% |
Is this your house?
Run your own report →