The Fair Share Report
23 Panama Ct
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 $298,565 – $455,639, 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 $351,183 home should be assessed near $185,951.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,751 below what the ratio math suggests (13.8%).
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 |
|---|---|---|---|---|
| 2 LUMSDEN ST | 2025-06 | $290,000 | 1,440 | 63.9% |
| 11 TAMPA LN | 2026-01 | $310,000 | 1,440 | 44.4% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 54 STORM JIB CT | 2025-10 | $680,000 | 1,529 | 56.6% |
| 16 LEIGHTON CT | 2025-01 | $290,000 | 1,440 | 55.9% |
| 15 REDHOOK BAY DR | 2025-01 | $430,000 | 1,440 | 31.9% |
| 145 CABRILLO BLVD | 2025-03 | $277,000 | 1,440 | 65.0% |
| 22 ELKTON CT | 2025-05 | $385,000 | 1,440 | 34.5% |
| 38 KINKORA CT WEST | 2026-03 | $329,000 | 1,440 | 38.9% |
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