The Fair Share Report
28 Cedar St
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 $301,875 – $395,273, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,449 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 $359,231 home should be assessed near $190,213.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,987 above what the ratio math suggests (37.8%).
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%92%
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 $1,864/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 26 GRENADA ST | 2026-05 | $240,000 | 1,440 | 52.2% |
| 20 SYLVAN LAKE BLVD | 2025-09 | $465,000 | 1,440 | 54.7% |
| 3 GRENADA ST | 2025-07 | $330,000 | 1,440 | 39.5% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 6 GROUSE DR | 2025-04 | $472,500 | 1,464 | 53.4% |
| 26 FT DE FRANCE AVE | 2026-02 | $350,000 | 1,440 | 43.8% |
| 119 BARBADOS DR SOUTH | 2025-12 | $359,000 | 1,440 | 38.4% |
| 62 BARBADOS DR SOUTH | 2025-09 | $300,000 | 1,440 | 40.2% |
| 1 MARGARITA ST | 2025-08 | $357,000 | 1,440 | 37.6% |
| 62 BARBADOS DR SOUTH | 2025-08 | $235,000 | 1,440 | 51.3% |
| 14 SCARBOROUGH PL | 2025-01 | $390,000 | 1,440 | 38.9% |
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