The Fair Share Report
41 Gerald Pl
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 $390,855 – $520,633, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,828 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 $476,194 home should be assessed near $252,145.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,845 below what the ratio math suggests (5.1%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.486 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 119 BOLINGBROKE CT | 2025-07 | $390,000 | 1,824 | 73.3% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 417 MAIN ST | 2025-07 | $490,000 | 1,881 | 43.9% |
| 767 JAMAICA BLVD | 2026-06 | $540,000 | 1,896 | 30.3% |
| 38 BELMONT AVE | 2025-12 | $495,000 | 1,736 | 51.8% |
| 310 ATLANTIC CITY AVE | 2025-07 | $495,000 | 1,750 | 46.9% |
| 217 NO BAY DR | 2025-12 | $635,000 | 1,910 | 57.2% |
| 23 PELICAN DR | 2025-11 | $720,000 | 1,912 | 41.3% |
| 152 CLIFFORD B WRIGHT ST | 2025-09 | $460,000 | 1,805 | 53.5% |
| 26 BELMONT AVE | 2025-05 | $467,500 | 1,712 | 50.3% |
| 182 FT DE FRANCE AVE | 2025-05 | $315,000 | 1,710 | 145.7% |
| 61 CHARLOTTEVILLE DR S | 2025-10 | $504,900 | 1,956 | 44.7% |
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