The Fair Share Report
23 Marathon St
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 $220,000 – $275,220, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,092 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 $242,500 home should be assessed near $128,404.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,304 below what the ratio math suggests (24.4%).
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 |
|---|---|---|---|---|
| 302 BARBADOS DR NORTH | 2025-07 | $255,000 | 1,092 | 43.4% |
| 802 JAMAICA BLVD | 2025-05 | $320,000 | 1,092 | 51.1% |
| 848 JAMAICA BLVD | 2025-10 | $265,000 | 1,092 | 39.9% |
| 17 PALMETTO PT ST | 2025-06 | $226,500 | 1,092 | 44.1% |
| 38 ROMAN ST | 2026-03 | $242,500 | 1,092 | 43.2% |
| 18 ROMAN ST | 2025-06 | $338,000 | 1,092 | 31.1% |
| 278 BARBADOS DR NORTH | 2025-04 | $190,000 | 1,092 | 83.3% |
| 24 HARRINGTON DR SOUTH | 2025-09 | $395,000 | 1,092 | 33.6% |
| 440 ST THOMAS DR | 2025-04 | $240,000 | 1,092 | 45.7% |
| 42 HARRINGTON DR SOUTH | 2025-01 | $235,000 | 1,092 | 43.3% |
| 343 BARBADOS DR NORTH | 2025-07 | $220,000 | 1,092 | 60.6% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
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