The Fair Share Report
266 Third 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 $392,095 – $580,132, 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 $494,280 home should be assessed near $261,721.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,021 below what the ratio math suggests (14.9%).
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%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 |
|---|---|---|---|---|
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 22 DOLPHIN CIRCLE WEST | 2026-03 | $580,000 | 1,817 | 43.9% |
| 91 WESTPORT DR | 2026-02 | $385,000 | 1,724 | 43.0% |
| 16 LENA CT | 2025-07 | $505,000 | 1,761 | 48.3% |
| 28 DOLPHIN CIRCLE WEST | 2025-06 | $580,000 | 2,084 | 48.4% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 234 SECOND AVE | 2025-12 | $589,000 | 2,049 | 48.4% |
| 100 TWENTIETH AVE | 2025-04 | $982,500 | 1,945 | 52.2% |
| 37 BUTLER AVE | 2026-03 | $415,000 | 1,732 | 47.3% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
Is this your house?
Run your own report →