The Fair Share Report
11 Fourth Ln
Berkeley, NJ 08850
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 $275,555 – $502,681, 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 $351,355 home should be assessed near $186,042.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,058 above what the ratio math suggests (54.3%).
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%110%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 601 MAIN ST | 2025-11 | $285,000 | 768 | 63.0% |
| 231 BUTLER BLVD | 2025-12 | $480,000 | 775 | 60.1% |
| 15 BUCKLEY LN | 2026-06 | $370,000 | 858 | 46.3% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 70 J F K BLVD | 2025-05 | $400,000 | 728 | 52.6% |
| 70 J F K BLVD | 2025-03 | $280,000 | 728 | 75.2% |
| 213 FERNWOOD DR | 2025-08 | $520,000 | 762 | 54.6% |
| 33 ANCHORAGE BLVD | 2025-12 | $368,500 | 760 | 51.9% |
| 27 ANCHORAGE BLVD | 2025-09 | $345,000 | 760 | 46.4% |
| 27 FOURTH LANE | 2025-03 | $549,000 | 648 | 50.3% |
| 29 FOURTH LANE | 2025-02 | $467,000 | 648 | 59.5% |
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