The Fair Share Report
295 Wheaton Ave
Berkeley, NJ 08721
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 $262,700 – $364,840, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,083 sq ft.
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 $282,271 home should be assessed near $149,462.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $155,938 above what the ratio math suggests (104.3%).
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%122%
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 $4,039/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 103 TWENTY-THIRD AVE #11 | 2026-04 | $827,000 | 1,156 | 48.3% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 569 COPLEY PL | 2026-05 | $380,000 | 1,128 | 43.6% |
| 82 FOURTH AVE | 2025-04 | $410,000 | 960 | 32.8% |
| 82 FOURTH AVE | 2025-01 | $349,900 | 960 | 38.4% |
| 76 PUFFIN GLADE | 2025-08 | $245,000 | 940 | 64.4% |
| 16 PIERMONT RD | 2026-05 | $293,000 | 1,153 | 95.3% |
| 162 CASTLETON DR | 2026-03 | $258,622 | 1,153 | 76.3% |
| 90 PUFFIN GLADE | 2026-05 | $249,900 | 923 | 48.0% |
| 73 PUFFIN GLADE | 2025-01 | $245,000 | 928 | 64.0% |
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