The Fair Share Report
40 Pheasant Dr
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 $264,866 – $413,676, 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 $369,918 home should be assessed near $195,872.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,828 above what the ratio math suggests (9.6%).
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%87%
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 |
|---|---|---|---|---|
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 265 LATIMER AVE | 2025-12 | $371,250 | 1,334 | 47.6% |
| 9 WESTBROOK DR | 2025-01 | $251,000 | 1,318 | 79.7% |
| 335 WESTERN BLVD | 2025-07 | $400,000 | 1,326 | 45.2% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 327 HAYES AVE | 2025-04 | $480,000 | 1,368 | 44.2% |
| 22 WOODLAND RD | 2025-06 | $465,000 | 1,232 | 50.4% |
| 23 AUGUSTA CT | 2025-04 | $306,500 | 1,364 | 41.4% |
| 5 OXFORD DR | 2025-06 | $385,000 | 1,404 | 60.9% |
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