The Fair Share Report
25 Scott 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 $609,161 – $863,425, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,529 sq ft.
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 $700,554 home should be assessed near $370,943.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,143 below what the ratio math suggests (7.6%).
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%68%
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 |
|---|---|---|---|---|
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 126 MANHATTAN AVE | 2025-10 | $700,000 | 2,527 | 59.3% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 267 CYPRESS DR | 2025-08 | $1,151,500 | 2,418 | 48.4% |
| 18 FOURTH AVE | 2026-02 | $605,000 | 2,556 | 51.0% |
| 10 BUTTERNUT LANE | 2025-10 | $680,000 | 2,567 | 53.6% |
| 1095 BAYVIEW AVE | 2025-05 | $750,000 | 2,476 | 53.5% |
| 129 MANHATTAN AVE | 2026-05 | $750,000 | 2,792 | 52.2% |
| 3 DALE CT | 2025-03 | $735,000 | 2,848 | 58.5% |
| 28 COVE RD W | 2025-11 | $1,200,000 | 2,496 | 48.9% |
| 6 KEY LARGO CT | 2026-01 | $675,000 | 2,425 | 48.0% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
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