The Fair Share Report
202 Third Ave
Berkeley, NJ 08731
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 $358,817 – $538,735, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,504 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 $433,559 home should be assessed near $229,569.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,869 below what the ratio math suggests (10.4%).
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%68%
Paying about right
This home's ratio lands inside Berkeley's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 33 BLUE HERON LANE | 2026-05 | $483,500 | 1,495 | 50.8% |
| 7 BRANCHWOOD PL | 2026-06 | $610,000 | 1,578 | 45.4% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 14 WINTERTON DR | 2025-11 | $435,000 | 1,509 | 36.0% |
| 12 BLUE HERON LANE | 2025-08 | $582,900 | 1,565 | 42.7% |
| 18 BLUE HERON LANE | 2025-05 | $585,000 | 1,579 | 44.0% |
| 24 BLUE HERON LANE | 2025-03 | $565,600 | 1,579 | 45.0% |
| 62 PINTAIL TRACE | 2025-05 | $355,000 | 1,488 | 56.3% |
| 106 NARBERTH WAY | 2025-08 | $320,000 | 1,509 | 68.3% |
| 10 COLWYN WAY | 2025-11 | $495,000 | 1,509 | 38.2% |
| 27 FREDERICK DR | 2025-10 | $480,000 | 1,668 | 56.0% |
| 41 WINTERTON DR | 2026-02 | $450,000 | 1,509 | 34.2% |
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