The Fair Share Report
112 Midway Ave
Berkeley, NJ 08752
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.
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Step 1 · Market value
Likely range $264,548 – $719,444, from 12 comparable Berkeley sales in the past 18 months, at this home's 740 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 $472,237 home should be assessed near $250,049.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,851 above what the ratio math suggests (36.3%).
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%134%
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 |
|---|---|---|---|---|
| 108 MIDWAY AVE | 2026-01 | $700,000 | 720 | 48.8% |
| 237 BUTLER BLVD | 2026-04 | $475,000 | 736 | 42.1% |
| 225 ROSEWOOD DR | 2025-06 | $485,000 | 760 | 47.7% |
| 110 MIDWAY AVE | 2025-09 | $650,000 | 640 | 52.5% |
| 937 EDGEBROOK DR NORTH | 2026-01 | $170,000 | 816 | 59.1% |
| 227 BUTLER BLVD | 2025-07 | $500,000 | 828 | 46.7% |
| 136 TWENTY-FOURTH AVE | 2025-01 | $777,777 | 726 | 50.2% |
| 12 LAWRENCE AVE | 2025-06 | $335,000 | 822 | 57.5% |
| 213 FERNWOOD DR | 2025-08 | $520,000 | 762 | 54.6% |
| 22 TWENTY-FIRST AVE | 2026-06 | $1,300,000 | 827 | 40.8% |
| 101 BONAIRE DR | 2025-08 | $249,900 | 757 | 35.2% |
| 265 CHARLOTTEVILLE DR N | 2026-04 | $230,000 | 757 | 38.8% |
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