The Fair Share Report
23 Laurel Ave
Berkeley, NJ 08741
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 $324,792 – $409,530, 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 $372,895 home should be assessed near $197,448.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,752 above what the ratio math suggests (14.1%).
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%75%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 6 SNOWDON CT | 2025-12 | $400,000 | 1,440 | 46.0% |
| 51 WINTERTON DR | 2026-01 | $387,000 | 1,509 | 38.7% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 97 SANDPIPER DR | 2025-03 | $365,000 | 1,398 | 49.6% |
| 5 CORFU CT | 2026-04 | $515,000 | 1,440 | 36.8% |
| 5 CORFU CT | 2025-10 | $479,900 | 1,440 | 39.5% |
| 38 KINKORA CT WEST | 2026-03 | $329,000 | 1,440 | 38.9% |
| 351 JAMAICA BLVD | 2025-11 | $399,500 | 1,509 | 41.3% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 42 PORTSMOUTH DR | 2025-03 | $340,000 | 1,440 | 53.1% |
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