The Fair Share Report
25 Pheasant Dr
Berkeley, NJ 08721
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 $344,750 – $460,112, 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 $405,840 home should be assessed near $214,892.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,208 above what the ratio math suggests (9.9%).
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 $2.484 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%74%
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 |
|---|---|---|---|---|
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 20 JEANETTE ST | 2026-05 | $457,250 | 1,498 | 49.5% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 5 OXFORD DR | 2025-06 | $385,000 | 1,404 | 60.9% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 24 WOODLAND RD | 2025-09 | $490,500 | 1,532 | 53.5% |
| 234 LAKEWOOD AVE | 2026-05 | $525,000 | 1,593 | 43.6% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 6 GROUSE DR | 2025-04 | $472,500 | 1,464 | 53.4% |
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