The Fair Share Report
47 Narberth Way
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 $320,338 – $397,360, 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 $355,887 home should be assessed near $188,442.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,758 above what the ratio math suggests (12.6%).
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%72%
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 |
|---|---|---|---|---|
| 8 STOCKPORT DR | 2025-12 | $330,000 | 1,601 | 49.4% |
| 66 PARADISE BLVD | 2025-10 | $240,000 | 1,601 | 55.4% |
| 104 PARADISE BLVD | 2025-07 | $280,000 | 1,601 | 69.4% |
| 23 MANITOBA CT | 2026-05 | $359,900 | 1,601 | 36.9% |
| 43 SANTO DOMINGO DR | 2026-01 | $347,000 | 1,601 | 39.5% |
| 8 MANITOBA CT | 2026-01 | $305,000 | 1,601 | 53.9% |
| 64 LA DUNETTE DR | 2025-11 | $395,000 | 1,601 | 40.0% |
| 184 PULASKI BLVD | 2025-08 | $325,000 | 1,601 | 41.8% |
| 3 NORANDA ST | 2025-06 | $390,000 | 1,601 | 53.0% |
| 23 TROPICANA CT | 2025-02 | $355,000 | 1,601 | 37.8% |
| 195 CANTERBURY LN | 2025-06 | $365,000 | 1,584 | 50.9% |
| 52 CANTERBURY LN | 2026-02 | $400,000 | 1,615 | 47.1% |
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