The Fair Share Report
5 Fallow Ct
Berkeley, NJ 08721
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 $718,363 – $937,934, 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 $774,425 home should be assessed near $410,058.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,258 below what the ratio math suggests (5.4%).
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 |
|---|---|---|---|---|
| 4 BRIDLE PATH | 2025-08 | $719,900 | 2,465 | 47.8% |
| 324 NOLAN AVE | 2025-10 | $770,000 | 2,538 | 50.6% |
| 240 FERNWOOD DR | 2025-09 | $1,049,000 | 2,420 | 50.3% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
| 1533 BAY VIEW AVE | 2025-11 | $1,365,000 | 2,436 | 42.4% |
| 10 JEFFERSON AVE | 2025-05 | $857,000 | 2,367 | 45.1% |
| 4 GOLDENROD AVE | 2025-08 | $620,000 | 2,424 | 55.6% |
| 369 HAYES AVE | 2026-01 | $775,000 | 2,381 | 47.7% |
| 414 THIRD AVE | 2026-06 | $620,000 | 2,414 | 40.2% |
| 184 FIFTH AVE | 2025-08 | $705,000 | 2,295 | 47.4% |
| 206 ROANOKE AVE | 2026-02 | $995,000 | 2,319 | 42.3% |
| 419 SECOND AVE | 2026-06 | $600,000 | 2,374 | 41.1% |
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