The Fair Share Report
7 Biscayne 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 $253,239 – $327,138, 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 $295,196 home should be assessed near $156,306.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,906 below what the ratio math suggests (28.1%).
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
29%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 |
|---|---|---|---|---|
| 60 BIABOU DR | 2026-05 | $320,000 | 1,232 | 35.3% |
| 959 JAMAICA BLVD | 2026-03 | $440,000 | 1,232 | 30.5% |
| 861 JAMAICA BLVD | 2025-11 | $308,000 | 1,232 | 42.4% |
| 107 BONAIRE DR | 2025-05 | $290,000 | 1,232 | 40.8% |
| 120 BIABOU DR | 2025-04 | $378,450 | 1,232 | 31.0% |
| 30 ELDORADO ST | 2025-05 | $324,000 | 1,232 | 37.2% |
| 2 VAN GOGH ST | 2025-11 | $263,000 | 1,232 | 44.0% |
| 20 LIBERTA DR | 2025-08 | $280,000 | 1,232 | 43.0% |
| 246 CHARLOTTEVILLE DR N | 2025-05 | $245,000 | 1,232 | 49.0% |
| 16 MIRADOR CT | 2026-04 | $335,000 | 1,232 | 46.3% |
| 170 PORT ROYAL DR | 2026-01 | $250,000 | 1,232 | 49.7% |
| 38 MARQUIS ST | 2026-01 | $270,000 | 1,232 | 44.0% |
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