The Fair Share Report
21 Edison St
Berkeley, NJ 08740
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 $250,953 – $373,189, 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 $305,317 home should be assessed near $161,665.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,835 above what the ratio math suggests (17.8%).
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
30%81%
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 |
|---|---|---|---|---|
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 6 MARIGOT CT | 2026-05 | $350,000 | 1,154 | 35.3% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 219 BAY BLVD | 2025-08 | $380,000 | 1,150 | 46.0% |
| 25 GRENADA ST | 2025-07 | $325,000 | 1,164 | 34.8% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 26 VEEDER LN | 2025-03 | $432,000 | 1,218 | 47.7% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 13 LEEWARD ST | 2025-10 | $225,000 | 1,164 | 71.3% |
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