The Fair Share Report
8 Picasso 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 $220,473 – $294,016, 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 $264,757 home should be assessed near $140,189.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,389 below what the ratio math suggests (31.0%).
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 $2.332 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
27%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 |
|---|---|---|---|---|
| 106 BANANIER DR | 2025-05 | $314,900 | 1,092 | 44.7% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 343 BARBADOS DR NORTH | 2025-07 | $220,000 | 1,092 | 60.6% |
| 90 WESTBROOK DR | 2026-01 | $350,000 | 1,091 | 28.1% |
| 69 ETON RD | 2025-05 | $287,750 | 1,091 | 38.6% |
| 83 ETON RD | 2025-01 | $252,500 | 1,091 | 42.5% |
| 38 ROMAN ST | 2026-03 | $242,500 | 1,092 | 43.2% |
| 7 AZTEC CT | 2025-06 | $274,500 | 1,092 | 40.7% |
| 18 ROMAN ST | 2025-06 | $338,000 | 1,092 | 31.1% |
| 64 PUERTO VALLARTA ST | 2025-04 | $227,500 | 1,092 | 48.4% |
| 848 JAMAICA BLVD | 2025-10 | $265,000 | 1,092 | 39.9% |
| 17 PALMETTO PT ST | 2025-06 | $226,500 | 1,092 | 44.1% |
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