The Fair Share Report
73 Yardarm Ct
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 $348,266 – $463,604, 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 $415,845 home should be assessed near $220,190.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $190,410 above what the ratio math suggests (86.5%).
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%123%
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 $4,932/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 9 TEMPLETON ST | 2025-06 | $450,000 | 1,656 | 46.3% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 4 PEBBLE BEACH CT | 2026-06 | $255,000 | 1,712 | 48.4% |
| 4 PEBBLE BEACH CT | 2026-04 | $175,000 | 1,712 | 70.6% |
| 141 PARADISE BLVD | 2025-05 | $430,000 | 1,601 | 31.1% |
| 78 TOP SAIL CT | 2025-08 | $665,000 | 1,819 | 63.3% |
| 16 MERRILEE LN | 2025-11 | $393,000 | 1,652 | 42.8% |
| 75 WHITMORE DR | 2025-09 | $530,000 | 1,514 | 41.4% |
| 32 LAMBERT WAY | 2025-02 | $345,000 | 1,615 | 53.9% |
| 51 TRENT DR | 2026-03 | $310,000 | 1,638 | 55.4% |
| 37 BUTLER AVE | 2026-03 | $415,000 | 1,732 | 47.3% |
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