The Fair Share Report
24B 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 $376,705 – $509,194, 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 $406,853 home should be assessed near $215,429.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $402,271 above what the ratio math suggests (186.7%).
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%169%
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 $10,419/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 SOUTH POINT CT | 2025-07 | $380,000 | 1,692 | 35.6% |
| 322 VETERANS BLVD | 2025-12 | $490,000 | 1,664 | 50.1% |
| 32 TOPPINGLIFT DR | 2026-01 | $619,888 | 1,710 | 65.3% |
| 9 WESTGATE CT | 2026-05 | $409,000 | 1,728 | 48.5% |
| 16 MERRILEE LN | 2025-11 | $393,000 | 1,652 | 42.8% |
| 51 TRENT DR | 2026-03 | $310,000 | 1,638 | 55.4% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 37 BUTLER AVE | 2026-03 | $415,000 | 1,732 | 47.3% |
| 4 SYMPHONY AVE | 2026-06 | $410,000 | 1,687 | 51.6% |
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 281 BAYVILLE AVE | 2025-02 | $510,000 | 1,755 | 53.5% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
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