The Fair Share Report
23 Bedford Ct
Berkeley, NJ 08050
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 $250,896 – $335,559, 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 $280,498 home should be assessed near $148,524.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,824 below what the ratio math suggests (30.9%).
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
25%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 |
|---|---|---|---|---|
| 293 BARBADOS DR NORTH | 2026-05 | $340,000 | 1,124 | 42.6% |
| 275 BARBADOS DR NORTH | 2025-08 | $289,900 | 1,124 | 38.2% |
| 44 CASTLE HARBOR DR | 2025-04 | $260,000 | 1,124 | 43.3% |
| 234 CHARLOTTEVILLE DR N | 2025-03 | $245,000 | 1,126 | 58.8% |
| 36 TORTOLA ST | 2026-05 | $255,000 | 1,124 | 43.7% |
| 26 CHRISTIANSTED ST | 2026-02 | $274,900 | 1,124 | 39.4% |
| 62 CASTLE HARBOR DR | 2025-12 | $326,500 | 1,124 | 52.6% |
| 214 CHARLOTTEVILLE DR N | 2025-11 | $300,000 | 1,124 | 37.9% |
| 836 JAMAICA BLVD | 2025-11 | $442,000 | 1,124 | 24.1% |
| 237 HARRINGTON DR NORTH | 2025-08 | $340,000 | 1,124 | 46.2% |
| 37 SCARBOROUGH PL | 2025-08 | $239,000 | 1,124 | 45.4% |
| 7 GEORGETOWN DR | 2025-07 | $220,000 | 1,124 | 48.0% |
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