The Fair Share Report
227 Twenty Second Ave
Berkeley, NJ 07675
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 $333,554 – $400,026, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,470 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 $364,438 home should be assessed near $192,970.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $230,430 above what the ratio math suggests (119.4%).
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%132%
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 $5,968/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 513 JAMAICA BLVD | 2026-02 | $355,000 | 1,484 | 50.9% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 89 BRAKENBURY DR | 2025-08 | $285,000 | 1,494 | 56.8% |
| 17 MONTREAL CT | 2025-07 | $399,000 | 1,484 | 44.5% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 1 MARGARITA ST | 2025-08 | $357,000 | 1,440 | 37.6% |
| 431 COSTA MESA DR | 2025-07 | $395,000 | 1,472 | 47.8% |
| 3 SHAW CT | 2025-09 | $340,000 | 1,494 | 41.1% |
| 253 WESTBROOK DR | 2025-02 | $382,400 | 1,514 | 34.1% |
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