The Fair Share Report
84 Millbrook Dr
Berkeley, NJ 08757
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Berkeley, but below NJ's legal appeal line (60.89%), where a case becomes winnable.
Step 1 · Market value
Likely range $258,806 – $372,027, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,360 sq ft.
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 $305,128 home should be assessed near $161,565.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,235 above what the ratio math suggests (37.9%).
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%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 56 MILLBROOK DR | 2025-10 | $477,000 | 1,360 | 31.4% |
| 2 ST ANDREWS CT | 2025-01 | $275,000 | 1,364 | 46.3% |
| 33 PIROGUE ST | 2026-03 | $255,000 | 1,364 | 47.0% |
| 33 WHITMORE DR | 2026-03 | $255,000 | 1,340 | 51.8% |
| 55 WHITMORE DR | 2026-01 | $363,000 | 1,327 | 40.7% |
| 73 SHEEPSHEAD DR | 2025-09 | $307,000 | 1,360 | 50.3% |
| 73 WHITMORE DR | 2025-08 | $355,000 | 1,360 | 42.6% |
| 31 MILLBROOK CT | 2026-06 | $320,000 | 1,360 | 48.3% |
| 5 SHEEPSHEAD DR | 2026-05 | $440,000 | 1,340 | 33.7% |
| 79 TOP SAIL CT | 2025-10 | $775,000 | 1,366 | 39.4% |
| 41 NOSTRAND DR | 2026-05 | $305,000 | 1,404 | 50.5% |
| 266 WESTBROOK DR | 2025-11 | $315,000 | 1,404 | 47.8% |
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