The Fair Share Report
223 First 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 $233,584 – $380,421, 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 $263,617 home should be assessed near $139,585.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,185 below what the ratio math suggests (25.2%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.111 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
22%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 |
|---|---|---|---|---|
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
| 106 SURF DR | 2025-05 | $1,500,000 | 1,060 | 32.9% |
| 15 BRIAN CT | 2025-04 | $227,500 | 1,031 | 63.6% |
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
| 229 PT PLEASANT AVE | 2026-06 | $385,000 | 1,092 | 45.1% |
| 19 CAMBRIDGE CT | 2026-06 | $238,000 | 1,083 | 44.6% |
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 9 HAMILTON CT | 2026-04 | $225,000 | 971 | 45.7% |
| 88 WESTBROOK DR | 2025-04 | $285,000 | 1,031 | 47.8% |
| 859 EDGEBROOK DR NORTH | 2025-08 | $253,500 | 1,088 | 44.2% |
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