The Fair Share Report
43 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 $243,442 – $344,938, 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 $317,261 home should be assessed near $167,990.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,310 above what the ratio math suggests (31.1%).
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%96%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $1,355/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 151 GUADELOUPE DR | 2026-04 | $317,500 | 1,328 | 37.8% |
| 156 GUADELOUPE DR | 2025-11 | $320,000 | 1,328 | 38.4% |
| 162 HARRINGTON DR NORTH | 2026-02 | $295,000 | 1,328 | 40.9% |
| 15 ST EUSTATIUS ST | 2025-11 | $245,000 | 1,328 | 46.6% |
| 19 PORT ROYAL DR | 2025-07 | $242,000 | 1,328 | 71.4% |
| 9 WESTBROOK DR | 2025-01 | $251,000 | 1,318 | 79.7% |
| 17 TORTOLA ST | 2025-04 | $311,000 | 1,328 | 40.2% |
| 136 GEORGETOWN RD | 2025-09 | $285,000 | 1,340 | 41.7% |
| 265 LATIMER AVE | 2025-12 | $371,250 | 1,334 | 47.6% |
| 49 ETON RD | 2026-05 | $315,200 | 1,318 | 38.0% |
| 77 WESTBROOK DR | 2025-08 | $405,000 | 1,318 | 45.6% |
| 80 ETON RD | 2025-06 | $380,000 | 1,318 | 49.4% |
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