The Fair Share Report
301 Gerard Ave
Berkeley, NJ 07405
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 $690,430 – $971,789, from 12 comparable Berkeley sales in the past 18 months, at this home's 3,299 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 $840,144 home should be assessed near $444,856.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $325,344 above what the ratio math suggests (73.1%).
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 $8,426/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 68 MOORAGE AVE | 2026-06 | $950,000 | 3,366 | 61.7% |
| 241 TWENTY-THIRD AVE | 2025-07 | $1,298,000 | 3,074 | 50.1% |
| 570 FOREST HILLS PKWY | 2025-09 | $584,900 | 3,026 | 57.8% |
| 16 COLTON CT | 2025-06 | $750,000 | 2,914 | 53.7% |
| 263 LATIMER AVE | 2025-07 | $550,000 | 2,628 | 65.0% |
| 4 HADDON AVE | 2025-07 | $725,000 | 3,193 | 57.6% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
| 56 TIMBERLINE RD | 2026-06 | $768,000 | 3,490 | 50.1% |
| 28 COVE RD W | 2025-11 | $1,200,000 | 2,496 | 48.9% |
| 75 CHARLES ST | 2025-05 | $885,000 | 3,137 | 67.9% |
| 101 CHELSEA AVE | 2025-11 | $549,900 | 2,748 | 54.6% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
Is this your house?
Run your own report →