The Fair Share Report
25 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 $832,267 – $1,026,062, 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 $876,373 home should be assessed near $464,040.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $129,060 above what the ratio math suggests (27.8%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.548 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%77%
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 |
|---|---|---|---|---|
| 16 COLTON CT | 2025-06 | $750,000 | 2,914 | 53.7% |
| 570 FOREST HILLS PKWY | 2025-09 | $584,900 | 3,026 | 57.8% |
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 4 HADDON AVE | 2025-07 | $725,000 | 3,193 | 57.6% |
| 40 MORRIS BLVD | 2025-12 | $585,000 | 2,374 | 52.0% |
| 10 ALLARD RD | 2025-03 | $621,000 | 2,512 | 62.4% |
| 185 HARBOR INN RD | 2025-10 | $760,000 | 2,876 | 47.5% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 65 NORTH ISLAND RD | 2025-11 | $830,000 | 2,285 | 51.4% |
| 9 COVE RD W | 2025-06 | $699,900 | 2,376 | 53.1% |
| 394 NIXON AVE | 2025-12 | $885,000 | 2,802 | 41.7% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
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