The Fair Share Report
311 Gerard Ave
Berkeley, NJ 08752
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 $229,486 – $290,534, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,040 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 $247,139 home should be assessed near $130,860.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $341,540 above what the ratio math suggests (261.0%).
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%211%
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 $8,846/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 BASSET CT | 2025-01 | $290,000 | 1,031 | 34.3% |
| 80 BRAKENBURY DR | 2025-07 | $225,000 | 1,059 | 244.4% |
| 108 GEORGETOWN RD | 2025-03 | $339,900 | 1,059 | 30.4% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
| 95 CARLISLE RD | 2025-03 | $225,000 | 1,121 | 69.7% |
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 11 SHERWOOD CT | 2025-10 | $280,000 | 1,067 | 37.8% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
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