The Fair Share Report
503 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 $258,905 – $303,193, 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 $277,258 home should be assessed near $146,808.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,008 below what the ratio math suggests (30.7%).
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%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 404 JAMAICA BLVD | 2025-03 | $265,000 | 1,124 | 47.9% |
| 426 ST THOMAS DR | 2025-03 | $245,000 | 1,124 | 60.4% |
| 214 CHARLOTTEVILLE DR N | 2025-11 | $300,000 | 1,124 | 37.9% |
| 5 FALMOUTH ST | 2025-06 | $278,000 | 1,124 | 42.5% |
| 293 BARBADOS DR NORTH | 2026-05 | $340,000 | 1,124 | 42.6% |
| 275 BARBADOS DR NORTH | 2025-08 | $289,900 | 1,124 | 38.2% |
| 32 FT DE FRANCE AVE | 2025-12 | $265,000 | 1,124 | 42.9% |
| 230 CHARLOTTEVILLE DR N | 2025-05 | $297,000 | 1,124 | 41.0% |
| 8 BRAKENBURY CT | 2025-07 | $325,000 | 1,140 | 40.0% |
| 7 GEORGETOWN DR | 2025-07 | $220,000 | 1,124 | 48.0% |
| 62 SCARBOROUGH PL | 2026-05 | $265,000 | 1,124 | 41.0% |
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