The Fair Share Report
40 Cambridge 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 $231,159 – $303,794, 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 $287,005 home should be assessed near $151,969.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,069 below what the ratio math suggests (36.2%).
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
26%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 |
|---|---|---|---|---|
| 19 CAMBRIDGE CT | 2026-06 | $238,000 | 1,083 | 44.6% |
| 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% |
| 35 CHARLOTTEVILLE DR S | 2026-04 | $349,900 | 1,092 | 5.8% |
| 14 ST PIERRI CT | 2026-03 | $295,000 | 1,092 | 34.9% |
| 53 BARBADOS DR SOUTH | 2026-01 | $237,500 | 1,092 | 45.8% |
| 615 JAMAICA BLVD | 2025-05 | $360,000 | 1,092 | 6.3% |
| 7 BONASSE ST | 2025-04 | $236,500 | 1,092 | 40.4% |
| 27 GUADELOUPE DR | 2025-03 | $300,000 | 1,092 | 36.9% |
| 31 SOUTHAMPTON RD | 2026-02 | $255,000 | 1,079 | 39.3% |
| 859 EDGEBROOK DR NORTH | 2025-08 | $253,500 | 1,088 | 44.2% |
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