The Fair Share Report
76 Nostrand 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 $265,195 – $350,279, 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 $295,873 home should be assessed near $156,665.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,665 below what the ratio math suggests (18.3%).
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%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 |
|---|---|---|---|---|
| OCEAN & 22ND AVE | 2025-01 | $915,000 | 1,263 | 57.5% |
| 12 DAWN WAY | 2025-06 | $285,000 | 1,232 | 52.2% |
| 193 ORLANDO BLVD | 2025-06 | $334,500 | 1,328 | 37.1% |
| 1 SOUTH POINT CT | 2025-01 | $355,000 | 1,328 | 43.1% |
| 12 OAKFIELD RD | 2025-10 | $281,000 | 1,318 | 42.7% |
| 11 DUXBURY RD | 2025-05 | $275,000 | 1,318 | 47.8% |
| 10 LYFORD CT | 2025-08 | $266,000 | 1,232 | 46.0% |
| 91 WINDJAMMER CT | 2025-08 | $650,000 | 1,320 | 53.5% |
| 72 STORM JIB CT | 2025-07 | $595,000 | 1,320 | 65.9% |
| 221 ORLANDO BLVD | 2026-06 | $250,000 | 1,328 | 49.0% |
| 15 DAVENPORT RD W | 2025-10 | $230,000 | 1,232 | 53.9% |
| 23 LONGDENVILLE ST | 2026-05 | $271,000 | 1,232 | 42.2% |
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