The Fair Share Report
64 Grenada 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 $234,418 – $312,247, 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 $277,479 home should be assessed near $146,925.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,425 below what the ratio math suggests (31.6%).
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
27%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 |
|---|---|---|---|---|
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
| 30 SHERWOOD LN | 2025-09 | $219,900 | 1,127 | 48.0% |
| 6 STANFORD DR | 2026-02 | $220,000 | 1,091 | 48.5% |
| 32 SUTHERLAND CT | 2025-12 | $290,000 | 1,136 | 35.3% |
| 14 WOODBURY CT | 2025-09 | $295,000 | 1,136 | 36.3% |
| 10 WOODBURY CT | 2025-11 | $235,000 | 1,136 | 46.0% |
| 859 EDGEBROOK DR NORTH | 2025-08 | $253,500 | 1,088 | 44.2% |
| 14 SUTHERLAND CT | 2025-01 | $300,000 | 1,088 | 52.3% |
| 103 EDINBURGH CT | 2025-06 | $279,000 | 1,105 | 41.1% |
| 22 MARGARITA ST | 2025-08 | $375,000 | 1,124 | 45.5% |
| 29 SHERWOOD LN | 2026-02 | $248,000 | 1,083 | 40.5% |
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