The Fair Share Report
121 First Ave
Berkeley, NJ 08757
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 $412,363 – $548,270, 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 $494,432 home should be assessed near $261,802.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,902 below what the ratio math suggests (18.7%).
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%68%
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 |
|---|---|---|---|---|
| 122 WESTPORT DR | 2025-10 | $425,000 | 1,603 | 36.9% |
| 51 NARBERTH WAY | 2026-01 | $410,000 | 1,509 | 65.8% |
| 423 RIVERSIDE DR | 2025-12 | $490,000 | 1,560 | 44.2% |
| 1 MAPLETON RD | 2025-07 | $510,000 | 1,514 | 26.1% |
| 210 CHELSEA AVE | 2025-06 | $515,000 | 1,548 | 46.4% |
| 317 TRENTON AVE NORTH | 2025-09 | $480,000 | 1,635 | 49.4% |
| 44 WESTPORT DR | 2025-09 | $365,000 | 1,514 | 35.5% |
| 103 SHEEPSHEAD DR | 2025-03 | $434,900 | 1,514 | 31.7% |
| 75 SLOOP CREEK RD | 2025-11 | $470,000 | 1,478 | 47.7% |
| 1 SHEARWATER HOLLOW | 2026-03 | $355,000 | 1,488 | 56.9% |
| 1 SHEARWATER HOLLOW | 2025-10 | $200,000 | 1,488 | 100.9% |
| 255 CHELSEA AVE | 2025-03 | $475,000 | 1,540 | 48.2% |
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