The Fair Share Report
3 Nautical Ct
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 $323,190 – $370,945, 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 $349,000 home should be assessed near $184,796.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,796 below what the ratio math suggests (3.1%).
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 $2.450 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%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 |
|---|---|---|---|---|
| 317 BAYVIEW AVE | 2025-04 | $710,000 | 1,435 | 64.7% |
| 16 SHERIDAN RD | 2025-10 | $379,900 | 1,451 | 40.4% |
| 42 PORTSMOUTH DR | 2025-03 | $340,000 | 1,440 | 53.1% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 4 NORWAY RD | 2025-07 | $349,000 | 1,404 | 38.5% |
| 34 WESTPORT DR | 2025-07 | $290,000 | 1,404 | 60.5% |
| 44 CANTERBURY LN | 2025-05 | $370,000 | 1,415 | 48.4% |
| 116 CHESTERFIELD LN | 2025-01 | $350,000 | 1,502 | 51.9% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 119 CASTLETON DR | 2025-05 | $293,000 | 1,404 | 41.6% |
| 27 FAIRFIELD RD | 2025-04 | $363,000 | 1,404 | 34.3% |
| 199 CANTERBURY LN | 2025-08 | $290,000 | 1,441 | 53.5% |
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