The Fair Share Report
62 Fifteenth St
Berkeley, NJ 07003
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 $190,213 – $349,302, 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 $262,405 home should be assessed near $138,943.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,643 below what the ratio math suggests (28.5%).
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
23%68%
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 |
|---|---|---|---|---|
| KINGS GATE CONDO C5 | 2025-10 | $801,000 | 910 | 44.8% |
| 1481 BARNEGAT AVE | 2026-01 | $675,000 | 876 | 51.0% |
| 937 EDGEBROOK DR NORTH | 2026-01 | $170,000 | 816 | 59.1% |
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 63 BRAKENBURY DR | 2026-04 | $265,000 | 971 | 35.8% |
| 77 BRAKENBURY DR | 2026-01 | $226,000 | 971 | 91.8% |
| 23 ETON RD | 2025-03 | $225,000 | 971 | 55.8% |
| 57 ETON RD | 2026-04 | $280,000 | 971 | 36.1% |
| 18 BOLINGBROKE DR | 2025-01 | $235,000 | 971 | 62.7% |
| 1023 EDGEBROOK DR EAST | 2025-12 | $140,000 | 926 | 74.6% |
| 531 ASTOR PL | 2025-10 | $320,000 | 824 | 51.6% |
| 22 TWENTY-FIRST AVE | 2026-06 | $1,300,000 | 827 | 40.8% |
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