The Fair Share Report
27 Cedar Run Rd
Berkeley, NJ 07933
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 $299,184 – $386,798, from 12 comparable Berkeley sales in the past 18 months, at this home's 926 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 $359,612 home should be assessed near $190,415.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $149,985 above what the ratio math suggests (78.8%).
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%119%
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 $3,885/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
| 27 SYLVAN LAKE BLVD | 2026-06 | $350,550 | 880 | 52.0% |
| 46 PHEASANT DR | 2025-01 | $299,500 | 880 | 69.2% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 97 PHEASANT DR | 2025-12 | $399,000 | 960 | 45.9% |
| 155 OCEAN GATE DR | 2025-05 | $401,000 | 960 | 39.5% |
| KINGS GATE CONDO C5 | 2025-10 | $801,000 | 910 | 44.8% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 145 OCEAN GATE DR | 2025-04 | $440,000 | 1,020 | 36.0% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 531 ASTOR PL | 2025-10 | $320,000 | 824 | 51.6% |
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