The Fair Share Report
46 Georgetown Dr
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 $283,955 – $433,071, 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 $406,177 home should be assessed near $215,071.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,671 below what the ratio math suggests (21.2%).
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%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 |
|---|---|---|---|---|
| 10 NORFOLK DR | 2025-02 | $300,000 | 1,514 | 63.5% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 223 WESTBROOK DR | 2025-06 | $411,000 | 1,494 | 34.5% |
| 24 BIABOU DR | 2025-11 | $215,000 | 1,552 | 59.0% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 157 GUADELOUPE DR | 2025-04 | $340,000 | 1,484 | 39.6% |
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 89 BRAKENBURY DR | 2025-08 | $285,000 | 1,494 | 56.8% |
| 13 COBHAM CT | 2025-06 | $412,000 | 1,514 | 29.3% |
| 757 JAMAICA BLVD | 2025-05 | $452,000 | 1,440 | 30.2% |
| 210 LAKEWOOD AVE | 2025-04 | $432,100 | 1,474 | 56.8% |
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