The Fair Share Report
84 Cedar Run Rd
Berkeley, NJ 07407
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 $273,665 – $604,331, 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 $328,600 home should be assessed near $173,994.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,006 above what the ratio math suggests (40.8%).
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%95%
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 |
|---|---|---|---|---|
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 1023 EDGEBROOK DR EAST | 2025-12 | $140,000 | 926 | 74.6% |
| 1481 BARNEGAT AVE | 2026-01 | $675,000 | 876 | 51.0% |
| 22 TWENTY-FIRST AVE | 2026-06 | $1,300,000 | 827 | 40.8% |
| KINGS GATE CONDO C5 | 2025-10 | $801,000 | 910 | 44.8% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 12 LAWRENCE AVE | 2025-06 | $335,000 | 822 | 57.5% |
| 9 HAMILTON CT | 2026-04 | $225,000 | 971 | 45.7% |
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