The Fair Share Report
94 Yardarm Ct
Berkeley, NJ 08721
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 $249,893 – $304,277, 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 $274,715 home should be assessed near $145,462.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $184,538 above what the ratio math suggests (126.9%).
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 $2.514 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
30%138%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $4,780/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 LA TERRAZA DR | 2026-02 | $275,000 | 1,092 | 55.4% |
| 61 YARDARM CT | 2026-03 | $800,000 | 1,085 | 43.6% |
| 66 WINDJAMMER CT | 2025-10 | $530,000 | 1,085 | 65.0% |
| 120 RODHOS ST | 2025-07 | $294,500 | 1,092 | 35.6% |
| 15 BROOKFIELD CT | 2026-02 | $260,000 | 1,117 | 42.2% |
| 8 BASSET DR | 2025-07 | $300,000 | 1,091 | 34.3% |
| 32 BUGLE CT | 2025-07 | $265,000 | 1,121 | 49.9% |
| 37 ZEELAND DR | 2026-05 | $292,000 | 1,153 | 32.5% |
| 27 WHITAKER DR | 2025-11 | $240,000 | 1,153 | 56.5% |
| 30 ZEELAND DR | 2025-07 | $185,000 | 1,153 | 87.0% |
| 72 MILLBROOK DR | 2025-08 | $314,900 | 1,131 | 44.1% |
| 3 SALERNO CT | 2025-10 | $285,888 | 1,124 | 36.8% |
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