The Fair Share Report
421 Laurel St
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 $248,049 – $312,265, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,144 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 $292,042 home should be assessed near $154,636.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,064 above what the ratio math suggests (12.3%).
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%75%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 22 YORK ST | 2025-12 | $302,000 | 1,153 | 5.6% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 7 OXFORD DR | 2025-11 | $295,000 | 1,140 | 84.4% |
| 29 CHAIN BLVD | 2025-01 | $420,000 | 1,160 | 62.9% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 613 BAY BLVD | 2025-05 | $321,000 | 1,176 | 54.4% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
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