The Fair Share Report
42 Pine Tree 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 $237,188 – $434,273, 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 $313,357 home should be assessed near $165,923.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,077 above what the ratio math suggests (17.5%).
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 $2.462 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%88%
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 |
|---|---|---|---|---|
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 613 BAY BLVD | 2025-05 | $321,000 | 1,176 | 54.4% |
| 23 MALLARD RD | 2025-04 | $360,000 | 1,152 | 61.2% |
| 7 OXFORD DR | 2025-11 | $295,000 | 1,140 | 84.4% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 22 YORK ST | 2025-12 | $302,000 | 1,153 | 5.6% |
| 39 SLOOP CREEK RD | 2026-05 | $465,000 | 1,244 | 54.1% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 29 CHAIN BLVD | 2025-01 | $420,000 | 1,160 | 62.9% |
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 40 DOCKAGE RD | 2025-12 | $370,000 | 1,260 | 57.5% |
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