The Fair Share Report
241 Keller St
Berkeley, NJ 07922
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 $220,374 – $438,543, 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 $371,050 home should be assessed near $196,471.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,771 below what the ratio math suggests (16.7%).
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
30%80%
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 |
|---|---|---|---|---|
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 145 OCEAN GATE DR | 2025-04 | $440,000 | 1,020 | 36.0% |
| 17 GLENWOOD DR | 2025-06 | $449,900 | 1,052 | 48.6% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 155 OCEAN GATE DR | 2025-05 | $401,000 | 960 | 39.5% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 97 PHEASANT DR | 2025-12 | $399,000 | 960 | 45.9% |
| 28 CHAIN BLVD | 2025-07 | $362,000 | 1,000 | 58.0% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 613 BAY BLVD | 2025-05 | $321,000 | 1,176 | 54.4% |
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