The Fair Share Report
4 Banning Ct
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 $264,727 – $350,633, 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 $299,554 home should be assessed near $158,614.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,014 below what the ratio math suggests (26.5%).
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
28%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 |
|---|---|---|---|---|
| 289 COSTA MESA DR | 2026-02 | $272,500 | 1,232 | 45.8% |
| 227 TORREY PINES DR | 2025-10 | $349,000 | 1,232 | 36.9% |
| 3 REDLANDS CT | 2025-08 | $375,000 | 1,232 | 33.9% |
| 1 CARDIFF CT | 2025-08 | $256,000 | 1,232 | 46.0% |
| 177 CABRILLO BLVD | 2025-03 | $335,000 | 1,232 | 41.3% |
| 219 TORREY PINES DR | 2025-01 | $280,000 | 1,232 | 44.3% |
| 9 BANNING CT | 2025-08 | $275,000 | 1,232 | 60.5% |
| 76 TROUMAKA ST | 2026-05 | $286,000 | 1,232 | 40.9% |
| 409 COSTA MESA DR | 2026-05 | $360,000 | 1,232 | 36.3% |
| 71 TROUMAKA ST | 2026-01 | $334,000 | 1,232 | 34.8% |
| 21 CABRILLO BLVD | 2025-12 | $346,000 | 1,232 | 35.5% |
| 8 KRESSON CT | 2025-06 | $305,000 | 1,232 | 43.6% |
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