The Fair Share Report
21 Jericho Rd
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 $377,439 – $593,406, 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 $433,580 home should be assessed near $229,581.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,781 below what the ratio math suggests (8.2%).
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 |
|---|---|---|---|---|
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 78 TOP SAIL CT | 2025-08 | $665,000 | 1,819 | 63.3% |
| 85 SAN CARLOS ST | 2025-04 | $235,000 | 1,776 | 61.3% |
| 37 BUTLER AVE | 2026-03 | $415,000 | 1,732 | 47.3% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 140 SYLVAN LAKE BLVD | 2025-07 | $360,000 | 1,832 | 56.6% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 9 ST FRANCOIS CT | 2026-04 | $580,000 | 1,812 | 25.4% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
| 92 BUTLER AVE | 2025-06 | $447,000 | 1,832 | 47.8% |
| 141 PARADISE BLVD | 2025-05 | $430,000 | 1,601 | 31.1% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
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