The Fair Share Report
28 First Ln
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 $305,703 – $425,877, 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 $386,947 home should be assessed near $204,888.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,312 above what the ratio math suggests (29.4%).
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%92%
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 $1,562/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 15 BUCKLEY LN | 2026-06 | $370,000 | 858 | 46.3% |
| 615 RIVERSIDE DR | 2025-12 | $425,000 | 922 | 36.5% |
| 293 BRICK AVE | 2025-09 | $405,000 | 898 | 46.3% |
| 55 SECOND AVE | 2025-05 | $275,000 | 864 | 37.0% |
| 601 MAIN ST | 2025-11 | $285,000 | 768 | 63.0% |
| 97 PHEASANT DR | 2025-12 | $399,000 | 960 | 45.9% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 155 OCEAN GATE DR | 2025-05 | $401,000 | 960 | 39.5% |
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