The Fair Share Report
57 Jerome Ave
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 $274,061 – $427,913, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,295 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 $333,712 home should be assessed near $176,701.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,299 above what the ratio math suggests (22.2%).
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%84%
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 |
|---|---|---|---|---|
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 26 VEEDER LN | 2025-03 | $432,000 | 1,218 | 47.7% |
| 9 FREDERICK DR | 2025-12 | $335,000 | 1,300 | 66.3% |
| 9 CHARLOTTEVILLE DR S | 2026-05 | $327,000 | 1,356 | 39.4% |
| 61 BITTERN LN | 2025-12 | $370,000 | 1,464 | 56.0% |
| 8 KINSALE ST | 2025-05 | $250,000 | 1,264 | 63.3% |
| 22 WOODLAND RD | 2025-06 | $465,000 | 1,232 | 50.4% |
| 93 BARBADOS DR SOUTH | 2025-07 | $291,250 | 1,264 | 41.6% |
| 555 JAMAICA BLVD | 2025-06 | $267,500 | 1,264 | 43.1% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 117 MILL CREEK RD | 2025-09 | $420,000 | 1,282 | 47.9% |
| 219 BAY BLVD | 2025-08 | $380,000 | 1,150 | 46.0% |
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