The Fair Share Report
315 Eastern Blvd
Berkeley, NJ 08721
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 $302,562 – $516,504, 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 $427,361 home should be assessed near $226,288.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,488 below what the ratio math suggests (0.7%).
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%80%
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 |
|---|---|---|---|---|
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 41 STOCKPORT DR | 2025-06 | $380,000 | 1,446 | 60.3% |
| 5 KILLINGTON RD | 2025-11 | $425,000 | 1,494 | 43.7% |
| 11 CORTLANDT DR | 2025-09 | $434,200 | 1,404 | 54.8% |
| 13 THORNTON RD | 2026-06 | $315,000 | 1,404 | 133.8% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 11 WESTGATE CT | 2025-09 | $500,000 | 1,440 | 37.5% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 351 WESTERN BLVD | 2026-04 | $519,500 | 1,548 | 46.5% |
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