The Fair Share Report
104 Midway Ave
Berkeley, NJ 08701
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
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The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (60.89%) — roughly $5,559/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $311,733 – $384,966, 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 $326,252 home should be assessed near $172,750.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $214,650 above what the ratio math suggests (124.3%).
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%130%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 72 NARBERTH WAY | 2026-02 | $380,000 | 1,356 | 236.6% |
| 72 NARBERTH WAY | 2025-04 | $355,000 | 1,356 | 253.2% |
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 77 CHESTERFIELD LN | 2025-11 | $307,000 | 1,364 | 49.8% |
| 33 BLUE HERON LANE | 2026-05 | $483,500 | 1,495 | 50.8% |
| 8 MERRILEE LN | 2026-04 | $310,000 | 1,328 | 51.1% |
| 25 CANTERBURY LN | 2025-03 | $310,000 | 1,328 | 74.2% |
| 326 JAMAICA BLVD | 2025-02 | $379,000 | 1,356 | 37.6% |
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