The Fair Share Report
234 Pine Dr
Berkeley, NJ 08721
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
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The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (60.89%) — roughly $3,850/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $243,429 – $364,335, 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 $271,837 home should be assessed near $143,938.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $148,662 above what the ratio math suggests (103.3%).
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%126%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 273 EVERGREEN DR | 2026-05 | $890,000 | 1,260 | 52.6% |
| 7 CAMBRIDGE CT | 2025-05 | $275,000 | 1,153 | 43.1% |
| 109 EDINBURGH CT | 2025-07 | $230,000 | 1,153 | 45.6% |
| 2 STANFORD DR | 2025-06 | $250,000 | 1,153 | 53.8% |
| 1 JOY PL | 2025-05 | $334,000 | 1,100 | 55.0% |
| 31 CHARLOTTEVILLE DR S | 2026-02 | $281,000 | 1,124 | 2.7% |
| 200 CEYLON AVE | 2026-03 | $420,000 | 1,224 | 62.4% |
| 429 ST THOMAS DR | 2026-03 | $260,000 | 1,147 | 43.1% |
| 36 GRENADA ST | 2025-04 | $242,000 | 1,126 | 39.0% |
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