The Fair Share Report
238 Cedar Dr
Berkeley, NJ 08721
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Berkeley, but below NJ's legal appeal line (60.89%), where a case becomes winnable.
Step 1 · Market value
Likely range $234,444 – $564,932, 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 $377,861 home should be assessed near $200,077.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,323 above what the ratio math suggests (55.6%).
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%138%
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% |
| 410 JAMAICA BLVD | 2025-10 | $379,900 | 1,304 | 42.7% |
| 234 CEDAR DR | 2025-08 | $625,000 | 1,512 | 51.9% |
| 151 GUADELOUPE DR | 2026-04 | $317,500 | 1,328 | 37.8% |
| 111 LAWSHE DR | 2026-06 | $559,000 | 1,482 | 56.5% |
| 19 GEORGETOWN DR | 2025-11 | $265,000 | 1,232 | 44.3% |
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