The Fair Share Report
25 Vail St
Berkeley, NJ 08757
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 $235,000 – $294,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 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 $261,629 home should be assessed near $138,533.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,567 above what the ratio math suggests (25.0%).
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%79%
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 |
|---|---|---|---|---|
| 8 REDLANDS CT | 2026-04 | $280,000 | 1,124 | 43.4% |
| 72 MILLBROOK DR | 2025-08 | $314,900 | 1,131 | 44.1% |
| 18 BANNING CT | 2025-07 | $235,000 | 1,124 | 61.1% |
| 405 COSTA MESA DR | 2025-06 | $294,000 | 1,124 | 38.0% |
| 15 BROOKFIELD CT | 2026-02 | $260,000 | 1,117 | 42.2% |
| 74 INNSBRUCK DR | 2025-12 | $190,000 | 1,124 | 61.0% |
| 10 INVERELL DR | 2025-09 | $345,000 | 1,161 | 49.7% |
| 21 NOSTRAND DR | 2026-01 | $200,000 | 1,153 | 66.8% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 1 MANASSAS DR | 2025-08 | $245,000 | 1,153 | 56.5% |
| 205 BONAIRE DR | 2026-02 | $258,000 | 1,124 | 42.0% |
| 11 BAHAMIA DR | 2025-11 | $244,000 | 1,124 | 43.6% |
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