The Fair Share Report
7 Pala 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 $491,163 – $746,722, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,920 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 $614,570 home should be assessed near $325,415.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,515 below what the ratio math suggests (44.1%).
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 $2.453 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
19%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 109 WEST ISLAND RD | 2025-06 | $710,000 | 1,920 | 57.0% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 259 CYPRESS DR | 2025-08 | $900,000 | 2,042 | 51.1% |
| 12 CARLYLE DR | 2025-07 | $700,000 | 1,970 | 79.0% |
| 9 ST FRANCOIS CT | 2026-04 | $580,000 | 1,812 | 25.4% |
| 767 JAMAICA BLVD | 2026-06 | $540,000 | 1,896 | 30.3% |
| 6 TRAVELER WAY | 2025-10 | $820,000 | 1,955 | 51.8% |
| 3 STARFISH CT | 2026-06 | $425,000 | 1,904 | 50.0% |
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 104 BUTLER AVE | 2025-09 | $414,000 | 1,888 | 50.3% |
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