The Fair Share Report
28 Cedar Run Rd
Berkeley, NJ 08755
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 $208,466 – $501,405, 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 $275,276 home should be assessed near $145,759.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $144,141 above what the ratio math suggests (98.9%).
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%145%
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 |
|---|---|---|---|---|
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 1074 EDGEBROOK DR SOUTH | 2026-04 | $255,000 | 1,074 | 39.3% |
| 3 MARGARITA ST | 2026-04 | $215,000 | 1,092 | 46.3% |
| 11 SHERWOOD CT | 2025-10 | $280,000 | 1,067 | 37.8% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
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