The Fair Share Report
36 Cedar Run Rd
Berkeley, NJ 07463
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 $360,732 – $458,024, 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 $406,374 home should be assessed near $215,175.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $184,825 above what the ratio math suggests (85.9%).
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
30%116%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $4,787/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 8 THRONBURY CT | 2025-09 | $405,000 | 1,601 | 40.9% |
| 9 TEMPLETON ST | 2025-06 | $450,000 | 1,656 | 46.3% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 51 TRENT DR | 2026-03 | $310,000 | 1,638 | 55.4% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 11 SOUTH POINT CT | 2025-07 | $380,000 | 1,692 | 35.6% |
| 17 CARDIGAN DR | 2025-04 | $367,500 | 1,639 | 52.9% |
| 11 OLSTINS CT | 2026-05 | $355,000 | 1,638 | 39.8% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 9 ST FRANCOIS CT | 2026-04 | $580,000 | 1,812 | 25.4% |
| 47 NARBERTH WAY | 2025-12 | $410,000 | 1,545 | 53.7% |
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