The Fair Share Report
2 Browning Ave
Berkeley, NJ 08721
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 $355,913 – $503,697, 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 $478,696 home should be assessed near $253,470.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,430 above what the ratio math suggests (15.6%).
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%88%
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 |
|---|---|---|---|---|
| 38 BELMONT AVE | 2025-12 | $495,000 | 1,736 | 51.8% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 26 BELMONT AVE | 2025-05 | $467,500 | 1,712 | 50.3% |
| 210 MIDWAY AVE | 2026-04 | $1,200,000 | 1,740 | 36.0% |
| 182 FT DE FRANCE AVE | 2025-05 | $315,000 | 1,710 | 145.7% |
| 310 ATLANTIC CITY AVE | 2025-07 | $495,000 | 1,750 | 46.9% |
| 119 BOLINGBROKE CT | 2025-07 | $390,000 | 1,824 | 73.3% |
| 365 CENTRAL BLVD | 2025-07 | $550,000 | 1,680 | 49.3% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 501 EASTERN BLVD | 2025-03 | $560,000 | 1,732 | 49.6% |
| 170 STATION RD | 2025-05 | $360,000 | 1,780 | 65.4% |
| 343 CLIFTON AVE | 2025-08 | $480,000 | 1,788 | 49.4% |
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