The Fair Share Report
21 Narberth Way
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 $375,000 – $410,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,545 sq ft.
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 $388,979 home should be assessed near $205,964.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,564 below 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%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 |
|---|---|---|---|---|
| 1 SOPHIA CT | 2025-08 | $390,000 | 1,545 | 38.9% |
| 180 SYLVAN LAKE BLVD | 2025-08 | $385,000 | 1,538 | 49.2% |
| 5 PRINCE CHARLES DR | 2026-05 | $383,999 | 1,545 | 47.9% |
| 47 NARBERTH WAY | 2025-12 | $410,000 | 1,545 | 53.7% |
| 14 PRADO CT | 2025-12 | $330,000 | 1,545 | 45.5% |
| 53 STOCKPORT DR | 2025-07 | $410,000 | 1,545 | 45.1% |
| 155 CANTERBURY LN | 2025-05 | $325,000 | 1,545 | 56.2% |
| 143 SYLVAN LAKE BLVD | 2025-10 | $392,000 | 1,557 | 48.1% |
| 49 STOCKPORT DR | 2026-02 | $375,000 | 1,545 | 48.7% |
| 69 PORTSMOUTH DR | 2026-02 | $424,000 | 1,545 | 43.1% |
| 11 STROUD CT | 2025-01 | $390,000 | 1,545 | 49.5% |
| 88 PORTSMOUTH DR | 2025-01 | $365,000 | 1,545 | 50.9% |
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