The Fair Share Report
124 Sunset Dr N
Berkeley, NJ 08751
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 $632,926 – $1,262,931, 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 $957,929 home should be assessed near $507,223.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $174,177 above what the ratio math suggests (34.3%).
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%113%
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 |
|---|---|---|---|---|
| 1533 BAY VIEW AVE | 2025-11 | $1,365,000 | 2,436 | 42.4% |
| 240 FERNWOOD DR | 2025-09 | $1,049,000 | 2,420 | 50.3% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 206 ROANOKE AVE | 2026-02 | $995,000 | 2,319 | 42.3% |
| 414 THIRD AVE | 2026-06 | $620,000 | 2,414 | 40.2% |
| 27 BOWSPRIT DR | 2025-01 | $995,000 | 2,822 | 60.3% |
| 24 SYMPHONY AVE | 2026-01 | $440,000 | 2,808 | 63.0% |
| 26 BOWSPRIT DR | 2025-12 | $1,090,000 | 2,806 | 54.4% |
| 419 SECOND AVE | 2026-06 | $600,000 | 2,374 | 41.1% |
| 281 EVERGREEN DR | 2026-04 | $1,200,000 | 2,237 | 47.1% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
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