The Fair Share Report
48 Vail St
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 $270,046 – $377,109, 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 $311,634 home should be assessed near $165,010.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,710 below what the ratio math suggests (16.8%).
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 |
|---|---|---|---|---|
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 246 CABRILLO BLVD | 2025-10 | $345,000 | 1,364 | 35.6% |
| 185 CABRILLO BLVD | 2025-07 | $275,000 | 1,328 | 45.2% |
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 2 HYANNIS ST | 2026-04 | $307,000 | 1,328 | 40.5% |
| 8 MERRILEE LN | 2026-04 | $310,000 | 1,328 | 51.1% |
| 25 CANTERBURY LN | 2025-03 | $310,000 | 1,328 | 74.2% |
| 20 INNSBRUCK DR | 2025-08 | $285,000 | 1,328 | 41.7% |
| 16 PAVILION ST | 2025-11 | $335,000 | 1,264 | 34.4% |
| 14 PICASSO CT | 2026-06 | $375,000 | 1,364 | 37.4% |
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