The Fair Share Report
246 Twenty Third Ave
Berkeley, NJ 08853
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 $547,306 – $672,917, from 12 comparable Berkeley sales in the past 18 months, at this home's 646 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 $654,935 home should be assessed near $346,788.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,012 above what the ratio math suggests (19.3%).
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%81%
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 $1,736/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 FIRST LANE | 2025-11 | $730,000 | 720 | 48.7% |
| 31 FIRST LANE | 2026-05 | $733,000 | 723 | 36.9% |
| 110 MIDWAY AVE | 2025-09 | $650,000 | 640 | 52.5% |
| 27 FOURTH LANE | 2025-03 | $549,000 | 648 | 50.3% |
| 29 FOURTH LANE | 2025-02 | $467,000 | 648 | 59.5% |
| 23 FIFTH LANE | 2025-02 | $610,000 | 648 | 53.1% |
| 37 ELEVENTH LANE | 2025-07 | $613,000 | 612 | 45.5% |
| 26 FIFTH LANE | 2026-05 | $650,000 | 600 | 47.7% |
| 108 MIDWAY AVE | 2026-01 | $700,000 | 720 | 48.8% |
| 115 MIDWAY AVE | 2025-11 | $615,000 | 576 | 52.6% |
| 237 BUTLER BLVD | 2026-04 | $475,000 | 736 | 42.1% |
| 19 NINTH LANE | 2026-05 | $669,000 | 576 | 51.3% |
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