The Fair Share Report
242 Cedar Dr
Berkeley, NJ 08873
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 $357,121 – $500,503, 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 $382,080 home should be assessed near $202,311.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $144,989 above what the ratio math suggests (71.7%).
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%103%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $3,755/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 253 WESTBROOK DR | 2025-02 | $382,400 | 1,514 | 34.1% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 36 BUENA VISA DR | 2025-03 | $380,000 | 1,580 | 52.7% |
| 8 SANTIAGO DR WEST | 2025-03 | $399,000 | 1,580 | 51.8% |
| 124 SAN CARLOS ST | 2025-02 | $450,000 | 1,448 | 36.8% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
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