The Fair Share Report
54 Vail St
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 $245,823 – $478,411, 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 $430,861 home should be assessed near $228,141.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,141 below what the ratio math suggests (13.6%).
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
30%86%
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 PEBBLE BEACH CT | 2026-06 | $255,000 | 1,712 | 48.4% |
| 4 PEBBLE BEACH CT | 2026-04 | $175,000 | 1,712 | 70.6% |
| 66 LIBERTA DR | 2025-12 | $409,900 | 1,608 | 53.3% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 16 MERRILEE LN | 2025-11 | $393,000 | 1,652 | 42.8% |
| 152 BIABOU DR | 2025-07 | $299,900 | 1,852 | 52.0% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 85 SAN CARLOS ST | 2025-04 | $235,000 | 1,776 | 61.3% |
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 32 TOPPINGLIFT DR | 2026-01 | $619,888 | 1,710 | 65.3% |
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