The Fair Share Report
8 Wakan Ct
Berkeley, NJ 07643
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 $258,840 – $427,120, 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 $333,225 home should be assessed near $176,443.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,643 below what the ratio math suggests (28.1%).
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
24%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% |
| 38 WOODSTOCK DR | 2026-01 | $273,000 | 1,232 | 56.1% |
| 1 DAWN WAY | 2026-01 | $240,000 | 1,232 | 62.4% |
| 32 PARADISE BLVD | 2025-08 | $330,000 | 1,232 | 40.1% |
| 34 CHESTERFIELD LN | 2025-03 | $323,000 | 1,232 | 47.2% |
| 397 BAYVIEW AVE | 2025-07 | $525,000 | 1,246 | 72.7% |
| 87 PRINCE CHARLES DR | 2025-09 | $341,000 | 1,232 | 42.0% |
| 2108 CENTRAL AVE 10 | 2025-08 | $649,000 | 1,225 | 42.9% |
| 1 REDLANDS CT | 2026-05 | $349,000 | 1,232 | 49.2% |
| 12 DAWN WAY | 2025-06 | $285,000 | 1,232 | 52.2% |
| 54 GORGINIO DR | 2025-07 | $400,000 | 1,232 | 44.3% |
| 54 GORGINIO DR | 2025-03 | $253,000 | 1,232 | 70.1% |
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