The Fair Share Report
44 Korman Rd
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 $389,691 – $482,895, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,680 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 $435,281 home should be assessed near $230,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,719 above what the ratio math suggests (14.6%).
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%73%
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 |
|---|---|---|---|---|
| 151 HUNTLEY AVE | 2025-10 | $375,000 | 1,590 | 38.1% |
| 23 BUTLER BLVD | 2026-03 | $459,900 | 1,600 | 49.1% |
| 96 OCEAN AVE | 2025-02 | $1,700,000 | 1,600 | 43.0% |
| 63 CHARLOTTEVILLE DR S | 2025-01 | $400,000 | 1,604 | 88.0% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 182 FT DE FRANCE AVE | 2025-05 | $315,000 | 1,710 | 145.7% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 254 BUTLER BLVD | 2025-08 | $625,000 | 1,968 | 58.4% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
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