The Fair Share Report
24 Larkin 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 $298,421 – $400,297, 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 $337,757 home should be assessed near $178,842.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,458 above what the ratio math suggests (34.4%).
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%86%
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 |
|---|---|---|---|---|
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 80 ETON RD | 2025-06 | $380,000 | 1,318 | 49.4% |
| 9 CHARLOTTEVILLE DR S | 2026-05 | $327,000 | 1,356 | 39.4% |
| 24 SELKIRK AVE | 2025-09 | $340,000 | 1,364 | 37.1% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 14 PICASSO CT | 2026-06 | $375,000 | 1,364 | 37.4% |
| 23 AUGUSTA CT | 2025-04 | $306,500 | 1,364 | 41.4% |
| 6 GRAMERCY CT | 2025-03 | $365,000 | 1,364 | 42.6% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
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