The Fair Share Report
374 St Thomas Dr
Berkeley, NJ 08757
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 $288,714 – $347,503, 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 $332,274 home should be assessed near $175,939.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,639 below what the ratio math suggests (16.8%).
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
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 |
|---|---|---|---|---|
| 1 MARGARITA ST | 2025-08 | $357,000 | 1,440 | 37.6% |
| 151 GUADELOUPE DR | 2026-04 | $317,500 | 1,328 | 37.8% |
| 340 BARBADOS DR NORTH | 2025-10 | $330,000 | 1,364 | 38.9% |
| 384 BARBADOS DR NORTH | 2025-05 | $307,500 | 1,364 | 39.8% |
| 19 PORT ROYAL DR | 2025-07 | $242,000 | 1,328 | 71.4% |
| 17 TORTOLA ST | 2025-04 | $311,000 | 1,328 | 40.2% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 15 BIMINI DR | 2026-01 | $255,000 | 1,328 | 45.6% |
| 24 MARATHON ST | 2025-04 | $330,000 | 1,328 | 36.9% |
| 410 JAMAICA BLVD | 2025-10 | $379,900 | 1,304 | 42.7% |
| 513 JAMAICA BLVD | 2026-02 | $355,000 | 1,484 | 50.9% |
| 194 PORT ROYAL DR | 2026-06 | $420,000 | 1,364 | 28.7% |
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