The Fair Share Report
123 Twenty Second Ave
Berkeley, NJ 07070
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 $297,352 – $595,883, 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 $333,976 home should be assessed near $176,840.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $256,960 above what the ratio math suggests (145.3%).
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%151%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $6,655/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 1453 BARNEGAT AVE | 2026-04 | $925,000 | 1,314 | 43.2% |
| 111 LAWSHE DR | 2026-06 | $559,000 | 1,482 | 56.5% |
| 87 RONALD AVE SOUTH | 2025-06 | $624,000 | 1,284 | 51.8% |
| 234 CEDAR DR | 2025-08 | $625,000 | 1,512 | 51.9% |
| 151 GUADELOUPE DR | 2026-04 | $317,500 | 1,328 | 37.8% |
| 200 CEYLON AVE | 2026-03 | $420,000 | 1,224 | 62.4% |
| 19 PORT ROYAL DR | 2025-07 | $242,000 | 1,328 | 71.4% |
| 317 ST THOMAS DR | 2024-12 | $250,000 | 1,264 | 3.0% |
| 17 TORTOLA ST | 2025-04 | $311,000 | 1,328 | 40.2% |
| 15 BIMINI DR | 2026-01 | $255,000 | 1,328 | 45.6% |
| 24 MARATHON ST | 2025-04 | $330,000 | 1,328 | 36.9% |
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