The Fair Share Report
257 Cedar Dr
Berkeley, NJ 07934
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 $646,836 – $879,267, 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 $694,686 home should be assessed near $367,836.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $324,464 above what the ratio math suggests (88.2%).
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%112%
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 $8,404/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 167 AMSTERDAM AVE | 2026-06 | $655,000 | 2,620 | 49.8% |
| 48 TIMBERLINE RD | 2025-04 | $595,000 | 2,867 | 66.2% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
| 6 SURLE CT | 2025-09 | $812,000 | 2,592 | 47.0% |
| 4 GOLDENROD AVE | 2025-08 | $620,000 | 2,424 | 55.6% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 148 COLLERAN PL | 2025-04 | $620,000 | 2,816 | 48.3% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 10 BUTTERNUT LANE | 2025-10 | $680,000 | 2,567 | 53.6% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
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