The Fair Share Report
130 Veeder Ln
Berkeley, NJ 07029
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 $505,304 – $734,168, 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 $563,031 home should be assessed near $298,125.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $201,875 above what the ratio math suggests (67.7%).
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%104%
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 $5,229/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 68 MALLARD RD | 2025-03 | $405,000 | 2,050 | 58.8% |
| 217 NO BAY DR | 2025-12 | $635,000 | 1,910 | 57.2% |
| 12 CARLYLE DR | 2025-07 | $700,000 | 1,970 | 79.0% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 152 CLIFFORD B WRIGHT ST | 2025-09 | $460,000 | 1,805 | 53.5% |
| 254 BUTLER BLVD | 2025-08 | $625,000 | 1,968 | 58.4% |
| 119 BOLINGBROKE CT | 2025-07 | $390,000 | 1,824 | 73.3% |
| 65 NORTH ISLAND RD | 2025-11 | $830,000 | 2,285 | 51.4% |
| 417 MAIN ST | 2025-07 | $490,000 | 1,881 | 43.9% |
| 519 TRENTON AVE SOUTH | 2025-08 | $500,000 | 1,920 | 51.5% |
| 318 BAY BLVD | 2025-05 | $493,500 | 1,746 | 47.2% |
| 380 TRENTON AVE NORTH | 2026-06 | $615,000 | 2,160 | 46.9% |
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