The Fair Share Report
17 First Ln
Berkeley, NJ 07023
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 $328,416 – $474,691, 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 $406,895 home should be assessed near $215,451.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $117,549 above what the ratio math suggests (54.6%).
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%107%
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 $3,045/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 40 THIRD AVE | 2025-09 | $400,000 | 1,251 | 36.4% |
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 200 HARBOR INN RD | 2025-03 | $385,000 | 1,328 | 91.3% |
| 200 HARBOR INN RD | 2025-03 | $335,000 | 1,328 | 105.0% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 417 RIVERSIDE DR | 2025-01 | $380,000 | 1,658 | 62.5% |
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 43 HARBORAGE AVE | 2025-09 | $340,500 | 1,242 | 57.6% |
| 58 PARK AVE | 2026-06 | $415,000 | 1,248 | 47.1% |
| 200 CEYLON AVE | 2026-03 | $420,000 | 1,224 | 62.4% |
| 39 SLOOP CREEK RD | 2026-05 | $465,000 | 1,244 | 54.1% |
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