The Fair Share Report
4 Oakham 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 $362,068 – $534,959, 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 $393,930 home should be assessed near $208,586.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,514 above what the ratio math suggests (4.1%).
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
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 |
|---|---|---|---|---|
| 210 CHELSEA AVE | 2025-06 | $515,000 | 1,548 | 46.4% |
| 11 OLSTINS CT | 2026-05 | $355,000 | 1,638 | 39.8% |
| 317 TRENTON AVE NORTH | 2025-09 | $480,000 | 1,635 | 49.4% |
| 122 WESTPORT DR | 2025-10 | $425,000 | 1,603 | 36.9% |
| 11 SOUTH POINT CT | 2025-07 | $380,000 | 1,692 | 35.6% |
| 423 RIVERSIDE DR | 2025-12 | $490,000 | 1,560 | 44.2% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 83 WOODSTOCK DR | 2025-06 | $384,000 | 1,615 | 45.6% |
| OCEAN & 22ND AVE | 2025-04 | $807,500 | 1,504 | 55.1% |
| 9 WESTGATE CT | 2026-05 | $409,000 | 1,728 | 48.5% |
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