The Fair Share Report
29 Fourth 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 $276,766 – $440,091, 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 $358,438 home should be assessed near $189,793.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,307 above what the ratio math suggests (58.6%).
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%114%
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 $2,883/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 40 THIRD AVE | 2025-09 | $400,000 | 1,251 | 36.4% |
| 23 MALLARD RD | 2025-04 | $360,000 | 1,152 | 61.2% |
| 145 SHERMAN AVE | 2025-08 | $200,000 | 1,160 | 77.0% |
| 145 SHERMAN AVE | 2025-04 | $165,000 | 1,160 | 93.4% |
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 613 BAY BLVD | 2025-05 | $321,000 | 1,176 | 54.4% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 124 PATTON AVE | 2024-12 | $305,000 | 1,098 | 67.9% |
| 119 SHERMAN AVE | 2025-01 | $435,000 | 1,200 | 39.2% |
| 91 SHOREWOOD DR | 2025-03 | $300,000 | 1,207 | 72.4% |
| 200 CEYLON AVE | 2026-03 | $420,000 | 1,224 | 62.4% |
Is this your house?
Run your own report →