The Fair Share Report
31 Cedar Run Rd
Berkeley, NJ 07002
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 $235,052 – $339,519, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,216 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 $263,660 home should be assessed near $139,608.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $211,492 above what the ratio math suggests (151.5%).
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%155%
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 $5,478/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 215 LAKEWOOD AVE | 2026-03 | $430,000 | 1,220 | 42.7% |
| 43 HARBORAGE AVE | 2025-09 | $340,500 | 1,242 | 57.6% |
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 8 KINSALE ST | 2025-05 | $250,000 | 1,264 | 63.3% |
| 13 LEEWARD ST | 2025-10 | $225,000 | 1,164 | 71.3% |
| 93 BARBADOS DR SOUTH | 2025-07 | $291,250 | 1,264 | 41.6% |
| 555 JAMAICA BLVD | 2025-06 | $267,500 | 1,264 | 43.1% |
| 78 FT DE FRANCE AVE | 2025-06 | $235,000 | 1,232 | 76.2% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
Is this your house?
Run your own report →