The Fair Share Report
42 Grenada 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 $238,927 – $364,801, 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 $303,133 home should be assessed near $160,509.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,009 below what the ratio math suggests (22.4%).
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
29%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 |
|---|---|---|---|---|
| 93 BARBADOS DR SOUTH | 2025-07 | $291,250 | 1,264 | 41.6% |
| 555 JAMAICA BLVD | 2025-06 | $267,500 | 1,264 | 43.1% |
| 8 KINSALE ST | 2025-05 | $250,000 | 1,264 | 63.3% |
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 235 BARBADOS DR NORTH | 2025-09 | $357,000 | 1,264 | 30.8% |
| 31 CEDAR RUN RD | 2025-01 | $572,000 | 1,216 | 61.4% |
| 78 FT DE FRANCE AVE | 2025-06 | $235,000 | 1,232 | 76.2% |
| 97 LIBERTA DR | 2025-08 | $355,000 | 1,264 | 50.3% |
| 13 LEEWARD ST | 2025-10 | $225,000 | 1,164 | 71.3% |
| 156 GUADELOUPE DR | 2025-11 | $320,000 | 1,328 | 38.4% |
| 7 LE DIAMANT ST | 2025-10 | $300,000 | 1,264 | 42.9% |
| 43 HARBORAGE AVE | 2025-09 | $340,500 | 1,242 | 57.6% |
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