The Fair Share Report
700 Berkeley Dr
Pemberton, NJ 08015
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 $262,690 – $350,311, from 12 comparable Pemberton 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 Pemberton assessments sit below market value — republished every October, applied town-wide. A $313,900 home should be assessed near $187,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,667 below what the ratio math suggests (17.4%).
Step 4 · The tax rate — same for every Pemberton home
$1.608 Schools · 49% $0.533 County · 16% $1.112 Town · 34%
Step 5 · The bill
This home vs. every recent Pemberton sale · assessed ÷ market
35%81%
Paying about right
This home's ratio lands inside Pemberton'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 |
|---|---|---|---|---|
| 203 COVILLE DR | 2025-08 | $364,000 | 1,348 | 42.5% |
| 217 COVILLE DR | 2025-11 | $318,000 | 1,356 | 48.2% |
| 228 COVILLE DR | 2026-02 | $192,000 | 1,310 | 77.0% |
| 216 SEMINOLE TR | 2025-06 | $320,000 | 1,364 | 49.1% |
| 311 MOHAWK TR | 2025-04 | $260,000 | 1,364 | 58.4% |
| 404 W VIRGINIA RD | 2025-02 | $340,000 | 1,300 | 47.6% |
| 29 SCAMMELL DR | 2025-01 | $316,000 | 1,334 | 49.6% |
| 25 RAILROAD ST | 2025-12 | $343,500 | 1,332 | 52.4% |
| 107 NEW JERSEY RD | 2025-04 | $260,000 | 1,288 | 61.6% |
| 207 COVILLE DR | 2025-12 | $300,000 | 1,428 | 53.2% |
| 207 COVILLE DR | 2025-07 | $300,000 | 1,428 | 53.2% |
| 503 NEW YORK RD | 2025-08 | $337,000 | 1,329 | 55.0% |
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