The Fair Share Report
7 Madera Ct
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 $271,483 – $380,281, 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 $301,705 home should be assessed near $159,753.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,353 below what the ratio math suggests (17.1%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.401 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| OCEAN & 22ND AVE | 2025-01 | $915,000 | 1,263 | 57.5% |
| 134 PULASKI BLVD | 2026-03 | $230,000 | 1,232 | 54.6% |
| 12 SANTO DOMINGO DR | 2025-11 | $390,000 | 1,232 | 30.7% |
| 93 PARADISE BLVD | 2025-02 | $270,000 | 1,232 | 63.1% |
| 6 MADRAS CT | 2025-07 | $391,000 | 1,232 | 48.3% |
| 22 MERRILEE LN | 2025-01 | $280,000 | 1,232 | 53.8% |
| 16 OLSTINS CT | 2026-03 | $270,000 | 1,232 | 45.0% |
| 11 CALALOU CT | 2025-03 | $241,000 | 1,232 | 49.3% |
| 38 WOODSTOCK DR | 2026-01 | $273,000 | 1,232 | 56.1% |
| 1 DAWN WAY | 2026-01 | $240,000 | 1,232 | 62.4% |
| 32 PARADISE BLVD | 2025-08 | $330,000 | 1,232 | 40.1% |
| 34 CHESTERFIELD LN | 2025-03 | $323,000 | 1,232 | 47.2% |
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