The Fair Share Report
32 Steerage Way
Berkeley, NJ 07960
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 $424,661 – $951,347, 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 $560,264 home should be assessed near $296,660.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $208,040 above what the ratio math suggests (70.1%).
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%124%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 ALBATROSS PT | 2026-03 | $820,000 | 2,277 | 47.9% |
| 295 ALLEN RD | 2025-10 | $885,000 | 2,310 | 60.2% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 31 DOLPHIN CIRCLE WEST | 2026-06 | $410,000 | 2,345 | 68.0% |
| 55 BUTLER AVE | 2025-03 | $475,000 | 2,532 | 54.0% |
| 102 SYLVAN LAKE BLVD | 2025-07 | $525,000 | 2,540 | 51.1% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 38 SYMPHONY AVE | 2026-03 | $485,000 | 2,532 | 53.1% |
| 26 SWINDON CT | 2025-05 | $478,000 | 2,198 | 45.7% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 71 TOP SAIL CT | 2025-08 | $856,000 | 2,285 | 55.2% |
| 15 BRENTWOOD DR | 2025-12 | $710,000 | 2,221 | 44.6% |
Is this your house?
Run your own report →