The Fair Share Report
40 Vail St
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 $256,000 – $360,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,232 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 $335,000 home should be assessed near $177,383.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,383 below what the ratio math suggests (1.9%).
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%73%
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 |
|---|---|---|---|---|
| 373 COSTA MESA DR | 2025-11 | $245,000 | 1,232 | 48.5% |
| 28 BAHAMIA DR | 2025-09 | $400,000 | 1,232 | 30.9% |
| 409 COSTA MESA DR | 2026-05 | $360,000 | 1,232 | 36.3% |
| 21 CABRILLO BLVD | 2025-12 | $346,000 | 1,232 | 35.5% |
| 101 TORREY PINES DR | 2025-02 | $245,000 | 1,232 | 67.9% |
| 9 BANNING CT | 2025-08 | $275,000 | 1,232 | 60.5% |
| 17 SAN JACINTO ST | 2025-04 | $360,000 | 1,232 | 51.5% |
| 193 BIABOU DR | 2026-03 | $342,500 | 1,232 | 33.1% |
| 102 BIMINI DR | 2025-05 | $250,000 | 1,232 | 49.4% |
| 83 CABRILLO BLVD | 2026-05 | $335,000 | 1,232 | 37.0% |
| 9 BAHAMIA DR | 2026-02 | $320,000 | 1,232 | 37.8% |
| 289 COSTA MESA DR | 2026-02 | $272,500 | 1,232 | 45.8% |
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