The Fair Share Report
24 Vail 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 $253,141 – $310,289, 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 $282,648 home should be assessed near $149,662.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,362 below what the ratio math suggests (35.7%).
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
26%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 120 RODHOS ST | 2025-07 | $294,500 | 1,092 | 35.6% |
| 32 BUGLE CT | 2025-07 | $265,000 | 1,121 | 49.9% |
| 11 LA TERRAZA DR | 2026-02 | $275,000 | 1,092 | 55.4% |
| 8 BASSET DR | 2025-07 | $300,000 | 1,091 | 34.3% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 61 YARDARM CT | 2026-03 | $800,000 | 1,085 | 43.6% |
| 66 WINDJAMMER CT | 2025-10 | $530,000 | 1,085 | 65.0% |
| 24 HAMPSHIRE RD | 2025-12 | $240,000 | 1,088 | 44.0% |
| 27 WHITAKER DR | 2025-11 | $240,000 | 1,153 | 56.5% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 72 MILLBROOK DR | 2025-08 | $314,900 | 1,131 | 44.1% |
| 3 SALERNO CT | 2025-10 | $285,888 | 1,124 | 36.8% |
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