The Fair Share Report
7 Norfolk Dr
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 $227,665 – $321,047, 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 $288,363 home should be assessed near $152,688.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,688 below what the ratio math suggests (34.5%).
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 $2.340 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
26%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 |
|---|---|---|---|---|
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 355 WESTERN BLVD | 2026-05 | $375,000 | 1,104 | 47.0% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
| 95 CARLISLE RD | 2025-03 | $225,000 | 1,121 | 69.7% |
| 2 CAPRI CT | 2026-04 | $320,000 | 1,124 | 44.5% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 21 SAN SALVADOR ST | 2025-10 | $280,000 | 1,124 | 38.7% |
| 3 SALERNO CT | 2025-10 | $285,888 | 1,124 | 36.8% |
| 15 TIVOLI ST | 2025-09 | $299,900 | 1,124 | 35.0% |
| 8 NEVIS CT | 2025-09 | $185,000 | 1,124 | 56.6% |
| 910 JAMAICA BLVD | 2025-07 | $240,000 | 1,124 | 20.8% |
| 2 CAPRI CT | 2025-01 | $292,000 | 1,124 | 48.8% |
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