The Fair Share Report
8 Tapola Rd
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 $262,152 – $303,395, 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 $282,612 home should be assessed near $149,643.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,143 below what the ratio math suggests (38.2%).
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 $2.320 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
25%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 61 YARDARM CT | 2026-03 | $800,000 | 1,085 | 43.6% |
| 66 WINDJAMMER CT | 2025-10 | $530,000 | 1,085 | 65.0% |
| 15 BROOKFIELD CT | 2026-02 | $260,000 | 1,117 | 42.2% |
| 11 LA TERRAZA DR | 2026-02 | $275,000 | 1,092 | 55.4% |
| 8 BASSET DR | 2025-07 | $300,000 | 1,091 | 34.3% |
| 15 FAIRFIELD RD | 2025-07 | $325,000 | 1,153 | 36.0% |
| 9 CARLISLE RD | 2026-05 | $220,000 | 1,059 | 45.1% |
| 189 WESTBROOK DR | 2025-05 | $285,000 | 1,074 | 40.4% |
| 7 VENEZIA ST | 2025-07 | $330,000 | 1,057 | 48.6% |
| 30 ZEELAND DR | 2025-07 | $185,000 | 1,153 | 87.0% |
| 27 OAKFIELD RD | 2025-03 | $315,000 | 1,153 | 44.3% |
| 125 RODHOS ST | 2026-04 | $270,000 | 1,034 | 40.1% |
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