The Fair Share Report
74 Encinitas 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 $238,993 – $349,127, 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 $322,338 home should be assessed near $170,678.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,878 below what the ratio math suggests (28.6%).
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 $2.385 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
29%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 |
|---|---|---|---|---|
| 28 BAHAMIA DR | 2025-09 | $400,000 | 1,232 | 30.9% |
| 373 COSTA MESA DR | 2025-11 | $245,000 | 1,232 | 48.5% |
| 193 BIABOU DR | 2026-03 | $342,500 | 1,232 | 33.1% |
| 102 BIMINI DR | 2025-05 | $250,000 | 1,232 | 49.4% |
| 7 SANTA FE CT | 2025-08 | $245,000 | 1,232 | 47.6% |
| 26 MARACAIBO PL | 2025-02 | $326,000 | 1,232 | 38.2% |
| 83 CABRILLO BLVD | 2026-05 | $335,000 | 1,232 | 37.0% |
| 9 BAHAMIA DR | 2026-02 | $320,000 | 1,232 | 37.8% |
| 17 SAN JACINTO ST | 2025-04 | $360,000 | 1,232 | 51.5% |
| 8 VERA CRUZ CT | 2025-10 | $300,000 | 1,232 | 42.5% |
| 16 MIRADOR CT | 2026-04 | $335,000 | 1,232 | 46.3% |
| 170 PORT ROYAL DR | 2026-01 | $250,000 | 1,232 | 49.7% |
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