The Fair Share Report
4 Loon Pl
Berkeley, NJ 08721
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 $238,221 – $337,280, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,008 sq ft.
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 $264,517 home should be assessed near $140,062.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,038 above what the ratio math suggests (30.0%).
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%82%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 28 CHAIN BLVD | 2025-07 | $362,000 | 1,000 | 58.0% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 21 PARK AVE | 2025-09 | $375,000 | 1,060 | 62.0% |
| 11 SHERWOOD CT | 2025-10 | $280,000 | 1,067 | 37.8% |
| 1074 EDGEBROOK DR SOUTH | 2026-04 | $255,000 | 1,074 | 39.3% |
| 29 SHERWOOD LN | 2026-02 | $248,000 | 1,083 | 40.5% |
| 1111 WATERBERRY CT SOUTH | 2026-02 | $299,000 | 1,083 | 35.9% |
| 1 YORK CT | 2025-12 | $270,000 | 1,083 | 37.7% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
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