The Fair Share Report
31 Edison St
Berkeley, NJ 08740
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 $319,447 – $432,397, 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 $375,625 home should be assessed near $198,893.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,393 below what the ratio math suggests (3.7%).
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
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 |
|---|---|---|---|---|
| 119 SHERMAN AVE | 2025-01 | $435,000 | 1,200 | 39.2% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 117 MILL CREEK RD | 2025-09 | $420,000 | 1,282 | 47.9% |
| 23 MALLARD RD | 2025-04 | $360,000 | 1,152 | 61.2% |
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 215 LAKEWOOD AVE | 2026-03 | $430,000 | 1,220 | 42.7% |
| 43 HARBORAGE AVE | 2025-09 | $340,500 | 1,242 | 57.6% |
| 58 PARK AVE | 2026-06 | $415,000 | 1,248 | 47.1% |
| 9 FREDERICK DR | 2025-12 | $335,000 | 1,300 | 66.3% |
| 31 CEDAR RUN RD | 2025-01 | $572,000 | 1,216 | 61.4% |
| 124 PATTON AVE | 2024-12 | $305,000 | 1,098 | 67.9% |
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