The Fair Share Report
33 Korman Rd
Berkeley, NJ 08701
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 $224,315 – $298,190, 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 $245,000 home should be assessed near $129,728.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,928 below what the ratio math suggests (36.9%).
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
22%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
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% |
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
| 95 CARLISLE RD | 2025-03 | $225,000 | 1,121 | 69.7% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 100 SUNSET DR NORTH #11 | 2025-02 | $510,000 | 950 | 36.7% |
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