The Fair Share Report
15 First Ln
Berkeley, NJ 08753
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 $321,784 – $632,886, 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 $463,448 home should be assessed near $245,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $151,204 above what the ratio math suggests (61.6%).
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%129%
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 $3,916/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 202 THIRD AVE | 2026-05 | $435,000 | 1,504 | 47.3% |
| 168 GRAND CENTRAL PKWY | 2026-02 | $465,000 | 1,400 | 55.7% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 545 HOPEDALE DR SW | 2025-08 | $531,000 | 1,254 | 42.1% |
| 33 BLUE HERON LANE | 2026-05 | $483,500 | 1,495 | 50.8% |
| 5 CORFU CT | 2026-04 | $515,000 | 1,440 | 36.8% |
| 6 SNOWDON CT | 2025-12 | $400,000 | 1,440 | 46.0% |
| 5 CORFU CT | 2025-10 | $479,900 | 1,440 | 39.5% |
| 211 PINE DR | 2026-03 | $827,000 | 1,760 | 46.7% |
| 317 BAYVIEW AVE | 2025-04 | $710,000 | 1,435 | 64.7% |
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