The Fair Share Report
522 Main St
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 $313,355 – $388,148, 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 $327,950 home should be assessed near $173,650.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,550 above what the ratio math suggests (21.0%).
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%73%
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 |
|---|---|---|---|---|
| 72 NARBERTH WAY | 2026-02 | $380,000 | 1,356 | 236.6% |
| 72 NARBERTH WAY | 2025-04 | $355,000 | 1,356 | 253.2% |
| 77 CHESTERFIELD LN | 2025-11 | $307,000 | 1,364 | 49.8% |
| 8 MERRILEE LN | 2026-04 | $310,000 | 1,328 | 51.1% |
| 25 CANTERBURY LN | 2025-03 | $310,000 | 1,328 | 74.2% |
| 8 WYCOMBE CT | 2025-07 | $450,000 | 1,440 | 40.8% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 75 SLOOP CREEK RD | 2025-11 | $470,000 | 1,478 | 47.7% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 5 BENNINGTON DR | 2025-08 | $295,000 | 1,360 | 69.8% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
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