The Fair Share Report
263 First Ave
Berkeley, NJ 08757
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 $302,609 – $381,233, 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 $330,326 home should be assessed near $174,908.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,908 below what the ratio math suggests (25.7%).
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
29%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 |
|---|---|---|---|---|
| 545 HOPEDALE DR SW | 2025-08 | $531,000 | 1,254 | 42.1% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 202 THIRD AVE | 2026-05 | $435,000 | 1,504 | 47.3% |
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 72 NARBERTH WAY | 2026-02 | $380,000 | 1,356 | 236.6% |
| 72 NARBERTH WAY | 2025-04 | $355,000 | 1,356 | 253.2% |
| 24 INNSBRUCK DR | 2025-08 | $410,000 | 1,264 | 43.5% |
| 1 ALBONITO DR | 2025-12 | $250,000 | 1,328 | 50.0% |
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