The Fair Share Report
231 Peppermill Rd
Berlin, NJ 08083
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 $241,183 – $432,130, from 12 comparable Berlin 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 Berlin assessments sit below market value — republished every October, applied town-wide. A $337,665 home should be assessed near $196,724.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,324 below what the ratio math suggests (4.7%).
Step 4 · The tax rate — same for every Berlin home
$1.685 Schools · 43% $0.929 County · 24% $1.328 Town · 34%
Step 5 · The bill
This home vs. every recent Berlin sale · assessed ÷ market
34%83%
Paying about right
This home's ratio lands inside Berlin'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 |
|---|---|---|---|---|
| 223 CLARENCE AVE | 2025-07 | $260,000 | 1,584 | 76.3% |
| 247 POWELL AVE | 2025-01 | $362,500 | 1,664 | 54.6% |
| 244 BRIARWOOD ROAD | 2025-08 | $450,000 | 1,664 | 46.0% |
| 323 HARRISON AVE | 2025-06 | $385,000 | 1,404 | 50.8% |
| 366 HARRISON AVE | 2025-01 | $365,000 | 1,520 | 48.0% |
| 309 CLEVELAND AVE | 2025-09 | $315,000 | 1,506 | 56.3% |
| 388 CLEVELAND AVE | 2026-05 | $197,000 | 1,520 | 90.6% |
| 335 THURMAN AVE | 2025-09 | $265,000 | 1,520 | 61.0% |
| 400 HARRISON AVE | 2026-05 | $365,000 | 1,506 | 47.3% |
| 348 THURMAN AVE | 2025-07 | $410,000 | 1,364 | 46.7% |
| 5 ACORN RD | 2025-03 | $407,500 | 1,836 | 48.7% |
| 204 THIRD AVE | 2025-09 | $210,000 | 1,536 | 70.3% |
Is this your house?
Run your own report →