The Fair Share Report
29 Gerald Pl
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 $238,291 – $303,312, 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 $280,525 home should be assessed near $148,538.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,662 above what the ratio math suggests (11.2%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.439 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%75%
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 |
|---|---|---|---|---|
| 108 GEORGETOWN RD | 2025-03 | $339,900 | 1,059 | 30.4% |
| 80 BRAKENBURY DR | 2025-07 | $225,000 | 1,059 | 244.4% |
| 11 SHERWOOD CT | 2025-10 | $280,000 | 1,067 | 37.8% |
| 1074 EDGEBROOK DR SOUTH | 2026-04 | $255,000 | 1,074 | 39.3% |
| 29 SHERWOOD LN | 2026-02 | $248,000 | 1,083 | 40.5% |
| 1111 WATERBERRY CT SOUTH | 2026-02 | $299,000 | 1,083 | 35.9% |
| 1 YORK CT | 2025-12 | $270,000 | 1,083 | 37.7% |
| 21 PARK AVE | 2025-09 | $375,000 | 1,060 | 62.0% |
| 14 SUTHERLAND CT | 2025-01 | $300,000 | 1,088 | 52.3% |
| 31 SOUTHAMPTON RD | 2026-02 | $255,000 | 1,079 | 39.3% |
| 6 STANFORD DR | 2026-02 | $220,000 | 1,091 | 48.5% |
| 1086 EDGEBROOK DR SOUTH | 2026-03 | $310,000 | 1,083 | 32.3% |
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