The Fair Share Report
5 Concord Ln
Berkeley, NJ 08757
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Berkeley's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $237,105 – $312,946, 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 $284,250 home should be assessed near $150,510.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,110 below what the ratio math suggests (30.6%).
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
28%68%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 10 WOODBURY CT | 2025-11 | $235,000 | 1,136 | 46.0% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 36 GRENADA ST | 2025-04 | $242,000 | 1,126 | 39.0% |
| 7 OXFORD DR | 2025-11 | $295,000 | 1,140 | 84.4% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 30 SHERWOOD LN | 2025-09 | $219,900 | 1,127 | 48.0% |
| 219 BAY BLVD | 2025-08 | $380,000 | 1,150 | 46.0% |
| 31 CHARLOTTEVILLE DR S | 2026-02 | $281,000 | 1,124 | 2.7% |
| 97 FT DE FRANCE AVE | 2025-10 | $305,000 | 1,124 | 53.2% |
| 6 BARBUDA ST | 2025-09 | $255,000 | 1,124 | 43.0% |
| 5 SINT NICHOLAAS CT | 2025-06 | $320,000 | 1,124 | 33.6% |
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