The Fair Share Report
255 Twenty Third Ave
Berkeley, NJ 07850
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 $694,992 – $1,389,243, 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 $1,069,222 home should be assessed near $566,153.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $137,347 above what the ratio math suggests (24.3%).
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%107%
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 |
|---|---|---|---|---|
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 1533 BAY VIEW AVE | 2025-11 | $1,365,000 | 2,436 | 42.4% |
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 221 MAGNOLIA DR | 2025-08 | $1,225,000 | 3,651 | 56.6% |
| 240 FERNWOOD DR | 2025-09 | $1,049,000 | 2,420 | 50.3% |
| 27 BOWSPRIT DR | 2025-01 | $995,000 | 2,822 | 60.3% |
| 24 SYMPHONY AVE | 2026-01 | $440,000 | 2,808 | 63.0% |
| 26 BOWSPRIT DR | 2025-12 | $1,090,000 | 2,806 | 54.4% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
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