The Fair Share Report
7 Noranda 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 $325,000 – $395,000, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,601 sq ft.
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 $359,900 home should be assessed near $190,567.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,133 above what the ratio math suggests (7.9%).
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%69%
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 |
|---|---|---|---|---|
| 23 MANITOBA CT | 2026-05 | $359,900 | 1,601 | 36.9% |
| 43 SANTO DOMINGO DR | 2026-01 | $347,000 | 1,601 | 39.5% |
| 8 MANITOBA CT | 2026-01 | $305,000 | 1,601 | 53.9% |
| 64 LA DUNETTE DR | 2025-11 | $395,000 | 1,601 | 40.0% |
| 184 PULASKI BLVD | 2025-08 | $325,000 | 1,601 | 41.8% |
| 3 NORANDA ST | 2025-06 | $390,000 | 1,601 | 53.0% |
| 23 TROPICANA CT | 2025-02 | $355,000 | 1,601 | 37.8% |
| 8 STOCKPORT DR | 2025-12 | $330,000 | 1,601 | 49.4% |
| 66 PARADISE BLVD | 2025-10 | $240,000 | 1,601 | 55.4% |
| 104 PARADISE BLVD | 2025-07 | $280,000 | 1,601 | 69.4% |
| 141 PARADISE BLVD | 2025-05 | $430,000 | 1,601 | 31.1% |
| 16 MERRILEE LN | 2025-11 | $393,000 | 1,652 | 42.8% |
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