The Fair Share Report
240 Berkeley Dr
Berkeley, NJ 08721
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 $312,809 – $632,593, from 12 comparable Berkeley sales in the past 18 months, at this home's 672 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 $437,500 home should be assessed near $231,656.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,356 below what the ratio math suggests (37.3%).
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
18%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 |
|---|---|---|---|---|
| 27 FOURTH LANE | 2025-03 | $549,000 | 648 | 50.3% |
| 29 FOURTH LANE | 2025-02 | $467,000 | 648 | 59.5% |
| 299 HURLEY AVE | 2025-04 | $290,000 | 623 | 36.8% |
| 37 ELEVENTH LANE | 2025-07 | $613,000 | 612 | 45.5% |
| 33 ANCHORAGE BLVD | 2025-12 | $368,500 | 760 | 51.9% |
| 27 ANCHORAGE BLVD | 2025-09 | $345,000 | 760 | 46.4% |
| 300 HURLEY AVE | 2025-10 | $285,000 | 567 | 39.2% |
| 46 OCEAN AVE | 2025-02 | $600,000 | 576 | 99.0% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 23 FIFTH LANE | 2025-02 | $610,000 | 648 | 53.1% |
| 19 NINTH LANE | 2026-05 | $669,000 | 576 | 51.3% |
| 27 ELEVENTH LANE | 2026-03 | $375,000 | 576 | 86.3% |
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