The Fair Share Report
314 Gerard Ave
Berkeley, NJ 07508
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 $242,921 – $342,805, 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 $301,232 home should be assessed near $159,502.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $317,598 above what the ratio math suggests (199.1%).
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%202%
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 $8,226/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 8 BRAKENBURY CT | 2025-07 | $325,000 | 1,140 | 40.0% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 2 VAN GOGH ST | 2025-11 | $263,000 | 1,232 | 44.0% |
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 363 ROBERTS AVE | 2026-05 | $995,000 | 1,260 | 50.1% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
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