The Fair Share Report
358 St Thomas Dr
Berkeley, NJ 07757
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 $241,000 – $315,229, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,124 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 $280,000 home should be assessed near $148,260.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,160 below what the ratio math suggests (31.8%).
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
27%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 |
|---|---|---|---|---|
| 332 CURACAO ST | 2025-08 | $165,000 | 1,124 | 84.1% |
| 324 ST THOMAS DR | 2026-06 | $339,000 | 1,124 | 51.2% |
| 40 MONTSERRAT ST | 2025-01 | $280,000 | 1,124 | 42.4% |
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 82 FT DE FRANCE AVE | 2025-10 | $350,000 | 1,124 | 30.6% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 11 FALMOUTH ST | 2025-02 | $210,000 | 1,124 | 65.4% |
| 121 BARBADOS DR SOUTH | 2025-10 | $210,000 | 1,124 | 54.0% |
| 186 CHARLOTTEVILLE DR S | 2025-10 | $249,900 | 1,124 | 44.9% |
| 487 JAMAICA BLVD | 2025-10 | $325,000 | 1,124 | 32.3% |
| 106 FT DE FRANCE AVE | 2026-04 | $241,000 | 1,124 | 47.3% |
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