The Fair Share Report
38 Grenada St
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 $235,647 – $306,123, 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 $268,871 home should be assessed near $142,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,867 below what the ratio math suggests (30.1%).
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 |
|---|---|---|---|---|
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
| 103 EDINBURGH CT | 2025-06 | $279,000 | 1,105 | 41.1% |
| 36 GRENADA ST | 2025-04 | $242,000 | 1,126 | 39.0% |
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 53 BARBADOS DR SOUTH | 2026-01 | $237,500 | 1,092 | 45.8% |
| 97 FT DE FRANCE AVE | 2025-10 | $305,000 | 1,124 | 53.2% |
| 51 BARBADOS DR SOUTH | 2025-05 | $260,000 | 1,124 | 53.2% |
| 77 GUADELOUPE DR | 2025-03 | $313,000 | 1,124 | 48.6% |
| 1086 EDGEBROOK DR SOUTH | 2026-03 | $310,000 | 1,083 | 32.3% |
| 34 CAMBRIDGE CT | 2025-12 | $284,900 | 1,083 | 37.1% |
| 6 STANFORD DR | 2026-02 | $220,000 | 1,091 | 48.5% |
| 11 MARGARITA ST | 2026-04 | $285,000 | 1,092 | 35.8% |
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