The Fair Share Report
266 Second Ave
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 $256,658 – $325,056, 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 $291,364 home should be assessed near $154,277.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,377 below what the ratio math suggests (14.5%).
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 |
|---|---|---|---|---|
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
| 95 CARLISLE RD | 2025-03 | $225,000 | 1,121 | 69.7% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 102 HATFIELD CT | 2025-03 | $308,000 | 1,140 | 49.6% |
| 8 BRAKENBURY CT | 2025-07 | $325,000 | 1,140 | 40.0% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
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