The Fair Share Report
260 Berkeley 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 $240,493 – $383,025, 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 $317,724 home should be assessed near $168,235.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,565 above what the ratio math suggests (6.9%).
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%80%
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 |
|---|---|---|---|---|
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 91 SHOREWOOD DR | 2025-03 | $300,000 | 1,207 | 72.4% |
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 613 BAY BLVD | 2025-05 | $321,000 | 1,176 | 54.4% |
| 200 HARBOR INN RD | 2025-03 | $385,000 | 1,328 | 91.3% |
| 200 HARBOR INN RD | 2025-03 | $335,000 | 1,328 | 105.0% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 220 LONG BRANCH AVE | 2025-02 | $416,350 | 1,344 | 46.1% |
| 128 MILL CREEK RD | 2025-02 | $415,000 | 1,190 | 49.4% |
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