The Fair Share Report
28 Edison 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 $296,964 – $469,085, 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 $387,199 home should be assessed near $205,022.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,678 above what the ratio math suggests (20.3%).
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%89%
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 |
|---|---|---|---|---|
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 234 LAKEWOOD AVE | 2026-05 | $525,000 | 1,593 | 43.6% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 235 LONG BRANCH AVE | 2025-08 | $480,000 | 1,612 | 51.5% |
| 238 LAKEWOOD AVE | 2025-08 | $310,000 | 1,612 | 71.0% |
| 12 NELSON CT | 2026-01 | $420,000 | 1,580 | 44.4% |
| 253 WESTBROOK DR | 2025-02 | $382,400 | 1,514 | 34.1% |
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