The Fair Share Report
34 Gerald Pl
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 $424,439 – $557,202, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,702 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 $481,064 home should be assessed near $254,723.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,323 below what the ratio math suggests (1.3%).
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%68%
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 |
|---|---|---|---|---|
| 76 RONALD AVE SOUTH | 2025-10 | $905,000 | 1,694 | 45.8% |
| 310 ATLANTIC CITY AVE | 2025-07 | $495,000 | 1,750 | 46.9% |
| 182 FT DE FRANCE AVE | 2025-05 | $315,000 | 1,710 | 145.7% |
| 26 BELMONT AVE | 2025-05 | $467,500 | 1,712 | 50.3% |
| 38 BELMONT AVE | 2025-12 | $495,000 | 1,736 | 51.8% |
| 228 SANDLEWOOD DR | 2025-08 | $575,000 | 1,620 | 60.3% |
| 68 SHERMAN AVE | 2025-08 | $340,000 | 1,658 | 74.4% |
| 235 LONG BRANCH AVE | 2025-08 | $480,000 | 1,612 | 51.5% |
| 238 LAKEWOOD AVE | 2025-08 | $310,000 | 1,612 | 71.0% |
| 228 ELIZABETH AVE | 2025-10 | $425,000 | 1,660 | 48.5% |
| 63 CHARLOTTEVILLE DR S | 2025-01 | $400,000 | 1,604 | 88.0% |
| 365 CENTRAL BLVD | 2025-07 | $550,000 | 1,680 | 49.3% |
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