The Fair Share Report
524 Warwick Pl
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 $354,389 – $486,978, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,521 sq ft.
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 $414,914 home should be assessed near $219,697.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,303 above what the ratio math suggests (3.8%).
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%70%
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 |
|---|---|---|---|---|
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 2 WIDGEON DR | 2025-07 | $370,000 | 1,588 | 61.3% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 151 HUNTLEY AVE | 2025-10 | $375,000 | 1,590 | 38.1% |
| 9 MALLARD RD | 2025-03 | $395,000 | 1,448 | 60.4% |
| 175 FT DE FRANCE AVE | 2025-12 | $300,000 | 1,440 | 110.0% |
| 24 WOODLAND RD | 2025-09 | $490,500 | 1,532 | 53.5% |
| 29 PHEASANT DR | 2025-12 | $515,000 | 1,588 | 53.3% |
| 20 SYLVAN LAKE BLVD | 2025-09 | $465,000 | 1,440 | 54.7% |
| 20 JEANETTE ST | 2026-05 | $457,250 | 1,498 | 49.5% |
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