The Fair Share Report
7 Serpentine Dr E
Berkeley, NJ 08721
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 $253,548 – $400,800, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,320 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 $314,831 home should be assessed near $166,703.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,497 above what the ratio math suggests (58.5%).
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%110%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $2,525/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 12 BAY BLVD | 2025-06 | $425,000 | 1,232 | 49.7% |
| 1015 EDGEBROOK DR EAST | 2025-01 | $350,000 | 1,451 | 40.7% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
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