The Fair Share Report
12 Second Ln
Berkeley, NJ 07070
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.
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 $3,216/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $288,602 – $411,841, 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 $356,600 home should be assessed near $188,820.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $124,180 above what the ratio math suggests (65.8%).
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%114%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 15 BUCKLEY LN | 2026-06 | $370,000 | 858 | 46.3% |
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 293 BRICK AVE | 2025-09 | $405,000 | 898 | 46.3% |
| 55 SECOND AVE | 2025-05 | $275,000 | 864 | 37.0% |
| 601 MAIN ST | 2025-11 | $285,000 | 768 | 63.0% |
| 615 RIVERSIDE DR | 2025-12 | $425,000 | 922 | 36.5% |
| 27 SYLVAN LAKE BLVD | 2026-06 | $350,550 | 880 | 52.0% |
| 46 PHEASANT DR | 2025-01 | $299,500 | 880 | 69.2% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 23 FIFTH LANE | 2025-02 | $610,000 | 648 | 53.1% |
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