The Fair Share Report
182 Fifth Ave
Berkeley, NJ 08757
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 $663,712 – $802,680, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,396 sq ft.
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 $753,459 home should be assessed near $398,957.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $140,857 below what the ratio math suggests (35.3%).
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
27%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 JEFFERSON AVE | 2025-05 | $857,000 | 2,367 | 45.1% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 6 KEY LARGO CT | 2026-01 | $675,000 | 2,425 | 48.0% |
| 281 EVERGREEN DR | 2026-04 | $1,200,000 | 2,237 | 47.1% |
| 4 SADDLE RIDGE COURT | 2025-11 | $700,000 | 2,226 | 50.0% |
| 18 FOURTH AVE | 2026-02 | $605,000 | 2,556 | 51.0% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
| 365 HOPEDALE DR SE | 2026-04 | $740,000 | 2,223 | 44.8% |
| 369 HAYES AVE | 2026-01 | $775,000 | 2,381 | 47.7% |
| 449 MONTGOMERY ST | 2025-11 | $800,000 | 2,388 | 42.0% |
| 453 ANDREW AVE | 2026-04 | $615,000 | 2,368 | 56.1% |
| 126 MANHATTAN AVE | 2025-10 | $700,000 | 2,527 | 59.3% |
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