The Fair Share Report
229 Twenty Third Ave
Berkeley, NJ 08752
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 $294,491 – $612,434, 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 $390,018 home should be assessed near $206,515.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $137,085 above what the ratio math suggests (66.4%).
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%122%
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 |
|---|---|---|---|---|
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 12 LAWRENCE AVE | 2025-06 | $335,000 | 822 | 57.5% |
| 227 BUTLER BLVD | 2025-07 | $500,000 | 828 | 46.7% |
| 1481 BARNEGAT AVE | 2026-01 | $675,000 | 876 | 51.0% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 1046 EDGEBROOK DR EAST | 2026-03 | $215,000 | 1,031 | 46.3% |
| 1042 EDGEBROOK DR EAST | 2025-03 | $245,000 | 1,031 | 42.1% |
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