The Fair Share Report
609 Berkeley Dr
Pemberton, NJ 08015
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 $266,408 – $368,592, from 12 comparable Pemberton 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 Pemberton assessments sit below market value — republished every October, applied town-wide. A $319,082 home should be assessed near $190,460.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,060 below what the ratio math suggests (12.6%).
Step 4 · The tax rate — same for every Pemberton home
$1.608 Schools · 49% $0.533 County · 16% $1.112 Town · 34%
Step 5 · The bill
This home vs. every recent Pemberton sale · assessed ÷ market
35%81%
Paying about right
This home's ratio lands inside Pemberton'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 |
|---|---|---|---|---|
| 515 W VIRGINIA RD | 2025-11 | $350,000 | 1,372 | 51.6% |
| 515 W VIRGINIA RD | 2025-03 | $225,000 | 1,372 | 80.3% |
| 24 DELAWARE TR | 2025-08 | $319,000 | 1,393 | 51.9% |
| 1502 S LAKESHORE DR | 2025-10 | $308,000 | 1,488 | 61.5% |
| 239 COLLEGE DR | 2026-01 | $320,000 | 1,484 | 44.3% |
| 237 PRINCETON AV | 2025-04 | $225,000 | 1,484 | 63.8% |
| 254 UNIVERSITY AV | 2025-08 | $270,000 | 1,484 | 53.6% |
| 56 BEGONIA ST | 2025-01 | $357,000 | 1,392 | 44.6% |
| 412 CALIFORNIA TR | 2025-03 | $350,000 | 1,408 | 44.4% |
| 114 RAYMOND ST | 2025-01 | $352,000 | 1,604 | 47.4% |
| 211 MOHAWK TR | 2026-04 | $322,500 | 1,552 | 54.1% |
| 216 PRINCETON AV | 2025-03 | $387,500 | 1,586 | 38.8% |
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