The Fair Share Report
232 Cedar Dr
Berkeley, NJ 07470
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 $257,854 – $560,214, 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 $350,095 home should be assessed near $185,375.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,825 above what the ratio math suggests (66.3%).
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%125%
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 |
|---|---|---|---|---|
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 1453 BARNEGAT AVE | 2026-04 | $925,000 | 1,314 | 43.2% |
| 87 RONALD AVE SOUTH | 2025-06 | $624,000 | 1,284 | 51.8% |
| 317 ST THOMAS DR | 2024-12 | $250,000 | 1,264 | 3.0% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 200 CEYLON AVE | 2026-03 | $420,000 | 1,224 | 62.4% |
| 19 GEORGETOWN DR | 2025-11 | $265,000 | 1,232 | 44.3% |
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 17 CHRISTIANSTED ST | 2026-01 | $262,470 | 1,232 | 45.6% |
| 410 JAMAICA BLVD | 2025-10 | $379,900 | 1,304 | 42.7% |
| 234 CEDAR DR | 2025-08 | $625,000 | 1,512 | 51.9% |
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