The Fair Share Report
37 Good Luck Dr
Berkeley, NJ 07007
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 $455,450 – $612,660, 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 $501,629 home should be assessed near $265,613.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,313 below what the ratio math suggests (0.5%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.495 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 202 THIRD AVE | 2026-05 | $435,000 | 1,504 | 47.3% |
| 128 SLOOP CREEK RD | 2026-04 | $515,500 | 1,609 | 43.8% |
| 7 BRANCHWOOD PL | 2026-06 | $610,000 | 1,578 | 45.4% |
| 174 FIFTH AVE | 2025-05 | $549,000 | 1,750 | 41.0% |
| 18 BLUE HERON LANE | 2025-05 | $585,000 | 1,579 | 44.0% |
| 24 BLUE HERON LANE | 2025-03 | $565,600 | 1,579 | 45.0% |
| 78 DOLPHIN CIRCLE EAST | 2025-08 | $475,000 | 1,642 | 50.2% |
| 64 DOLPHIN CIRCLE EAST | 2025-03 | $489,900 | 1,642 | 48.0% |
| 12 BLUE HERON LANE | 2025-08 | $582,900 | 1,565 | 42.7% |
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 15 DOLPHIN CIRCLE WEST | 2026-05 | $515,000 | 1,642 | 45.7% |
| 18 LENA CT | 2025-03 | $500,000 | 1,642 | 53.3% |
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