The Fair Share Report
463 St Thomas 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 $237,810 – $312,739, 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 $252,747 home should be assessed near $133,830.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,830 below what the ratio math suggests (26.0%).
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 $2.337 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
26%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 |
|---|---|---|---|---|
| 11 MARGARITA ST | 2026-04 | $285,000 | 1,092 | 35.8% |
| 455 ST THOMAS DR | 2025-08 | $250,000 | 1,092 | 46.4% |
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
| 496 ST THOMAS DR | 2026-06 | $273,000 | 1,124 | 40.5% |
| 41 ST DAVID DR | 2026-03 | $220,000 | 1,124 | 48.3% |
| 5 LE LAMENTIN DR | 2026-03 | $220,000 | 1,124 | 51.9% |
| 160 CHARLOTTEVILLE DR S | 2025-12 | $309,000 | 1,124 | 37.9% |
| 85 BARBADOS DR SOUTH | 2025-09 | $343,000 | 1,124 | 32.6% |
| 477 ST THOMAS DR | 2025-08 | $220,000 | 1,124 | 51.0% |
| 471 ST THOMAS DR | 2025-07 | $309,900 | 1,124 | 34.3% |
| 319 ST THOMAS DR | 2025-03 | $265,000 | 1,124 | 39.5% |
| 192 CHARLOTTEVILLE DR S | 2026-01 | $245,000 | 1,092 | 45.2% |
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