The Fair Share Report
4 Paddock Ct
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 $618,899 – $897,381, 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 $740,941 home should be assessed near $392,328.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,328 below what the ratio math suggests (6.2%).
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 |
|---|---|---|---|---|
| 403 FIRST AVE | 2026-06 | $625,000 | 2,364 | 41.3% |
| 184 FIFTH AVE | 2025-08 | $705,000 | 2,295 | 47.4% |
| 4 BRIDLE PATH | 2025-08 | $719,900 | 2,465 | 47.8% |
| 4 GOLDENROD AVE | 2025-08 | $620,000 | 2,424 | 55.6% |
| 96 BRIDLE PATH | 2025-09 | $700,000 | 2,276 | 49.9% |
| 12 BRIDLE PATH | 2025-09 | $715,000 | 2,201 | 48.4% |
| 414 THIRD AVE | 2026-06 | $620,000 | 2,414 | 40.2% |
| 281 EVERGREEN DR | 2026-04 | $1,200,000 | 2,237 | 47.1% |
| 419 SECOND AVE | 2026-06 | $600,000 | 2,374 | 41.1% |
| 70 BRIDLE PATH | 2025-06 | $689,000 | 2,201 | 45.9% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
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