The Fair Share Report
8 Nelson Ct
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 $274,651 – $372,818, 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 $311,341 home should be assessed near $164,855.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,855 below what the ratio math suggests (22.4%).
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 $2.395 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 |
|---|---|---|---|---|
| 111 LANGLEY CT | 2025-07 | $409,000 | 1,318 | 31.8% |
| 143 WESTBROOK DR | 2025-06 | $290,000 | 1,318 | 39.9% |
| 65 NORTHUMBERLAND DR | 2026-04 | $350,000 | 1,318 | 34.9% |
| 60 CARLISLE RD | 2025-04 | $340,000 | 1,318 | 36.1% |
| 2 VAN GOGH ST | 2025-11 | $263,000 | 1,232 | 44.0% |
| 4 ROMAN ST | 2025-03 | $385,000 | 1,328 | 44.6% |
| 13 SHAW CT | 2026-02 | $291,000 | 1,229 | 45.5% |
| 6 SAN JUAN CT | 2025-05 | $252,000 | 1,232 | 46.0% |
| 27 MARACAIBO PL | 2025-11 | $299,900 | 1,232 | 39.8% |
| 16 MIRADOR CT | 2026-04 | $335,000 | 1,232 | 46.3% |
| 170 PORT ROYAL DR | 2026-01 | $250,000 | 1,232 | 49.7% |
| 38 MARQUIS ST | 2026-01 | $270,000 | 1,232 | 44.0% |
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