The Fair Share Report
7 Barbuda 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 $272,551 – $364,215, 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 $339,771 home should be assessed near $179,909.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,009 below what the ratio math suggests (10.0%).
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%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 |
|---|---|---|---|---|
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 157 GUADELOUPE DR | 2025-04 | $340,000 | 1,484 | 39.6% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 26 FT DE FRANCE AVE | 2026-02 | $350,000 | 1,440 | 43.8% |
| 223 WESTBROOK DR | 2025-06 | $411,000 | 1,494 | 34.5% |
| 3 GRENADA ST | 2025-07 | $330,000 | 1,440 | 39.5% |
| 62 BARBADOS DR SOUTH | 2025-09 | $300,000 | 1,440 | 40.2% |
| 62 BARBADOS DR SOUTH | 2025-08 | $235,000 | 1,440 | 51.3% |
| 10 NORFOLK DR | 2025-02 | $300,000 | 1,514 | 63.5% |
| 26 GRENADA ST | 2026-05 | $240,000 | 1,440 | 52.2% |
| 89 BRAKENBURY DR | 2025-08 | $285,000 | 1,494 | 56.8% |
| 174 FT DE FRANCE AVE | 2025-03 | $375,000 | 1,440 | 37.2% |
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