The Fair Share Report
3 Corfu Ct
Berkeley, NJ 08757
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 $478,442 – $810,987, 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 $566,211 home should be assessed near $299,809.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,009 below what the ratio math suggests (16.7%).
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
25%68%
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 |
|---|---|---|---|---|
| 114 DRIFTWOOD DR | 2026-04 | $405,000 | 2,034 | 53.4% |
| 13 SKIMMER LANE | 2026-03 | $490,000 | 2,004 | 53.1% |
| 14 OSPREY LANE | 2025-07 | $540,000 | 2,004 | 55.3% |
| 6 OSPREY LANE | 2025-06 | $520,000 | 2,004 | 49.6% |
| 1 OSPREY LANE | 2025-04 | $660,000 | 2,004 | 45.2% |
| 58 WINTERTON DR | 2025-05 | $475,000 | 1,862 | 36.4% |
| 6 TRAVELER WAY | 2025-10 | $820,000 | 1,955 | 51.8% |
| 535 EASTERN BLVD | 2025-12 | $580,000 | 1,976 | 46.8% |
| 3 STARFISH CT | 2026-06 | $425,000 | 1,904 | 50.0% |
| 202 BAY CT | 2025-09 | $812,500 | 2,114 | 56.2% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 259 CYPRESS DR | 2025-08 | $900,000 | 2,042 | 51.1% |
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