The Fair Share Report
3 St Eustatius St
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 $241,000 – $289,900, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 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 $262,432 home should be assessed near $138,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,742 above what the ratio math suggests (29.3%).
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%80%
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 $1,055/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 SCARBOROUGH PL | 2025-08 | $239,000 | 1,124 | 45.4% |
| 7 GEORGETOWN DR | 2025-07 | $220,000 | 1,124 | 48.0% |
| 106 FT DE FRANCE AVE | 2026-04 | $241,000 | 1,124 | 47.3% |
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 11 FALMOUTH ST | 2025-02 | $210,000 | 1,124 | 65.4% |
| 214 CHARLOTTEVILLE DR N | 2025-11 | $300,000 | 1,124 | 37.9% |
| 5 FALMOUTH ST | 2025-06 | $278,000 | 1,124 | 42.5% |
| 82 FT DE FRANCE AVE | 2025-10 | $350,000 | 1,124 | 30.6% |
| 237 HARRINGTON DR NORTH | 2025-08 | $340,000 | 1,124 | 46.2% |
| 36 TORTOLA ST | 2026-05 | $255,000 | 1,124 | 43.7% |
| 166 HARRINGTON DR NORTH | 2025-04 | $289,900 | 1,124 | 50.1% |
| 404 JAMAICA BLVD | 2025-03 | $265,000 | 1,124 | 47.9% |
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