The Fair Share Report
3 Dune Dr
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 $525,000 – $784,058, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,016 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 $716,345 home should be assessed near $379,305.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $208,695 above what the ratio math suggests (55.0%).
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%117%
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 $5,405/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 259 CYPRESS DR | 2025-08 | $900,000 | 2,042 | 51.1% |
| 519 TRENTON AVE SOUTH | 2025-08 | $500,000 | 1,920 | 51.5% |
| 114 DRIFTWOOD DR | 2026-04 | $405,000 | 2,034 | 53.4% |
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 12 CARLYLE DR | 2025-07 | $700,000 | 1,970 | 79.0% |
| 109 WEST ISLAND RD | 2025-06 | $710,000 | 1,920 | 57.0% |
| 364 RAILROAD AVE | 2026-04 | $630,000 | 1,856 | 43.0% |
| 265 CYPRESS DR | 2025-11 | $1,055,000 | 1,873 | 51.3% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 16 SANDHURST CT | 2025-09 | $522,000 | 1,928 | 45.9% |
| 4 BLYTH CT | 2025-06 | $445,000 | 1,928 | 103.5% |
| 6 TRAVELER WAY | 2025-10 | $820,000 | 1,955 | 51.8% |
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