The Fair Share Report
317 Hurley Ave
Berkeley, NJ 08005
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 $295,689 – $407,095, 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 $334,960 home should be assessed near $177,361.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,861 below what the ratio math suggests (37.7%).
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
22%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 15 HARBORAGE AVE | 2025-09 | $390,000 | 1,000 | 35.9% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 55 SECOND AVE | 2025-05 | $275,000 | 864 | 37.0% |
| 1 CAMBRIDGE CT | 2026-03 | $305,000 | 944 | 32.8% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 97 PHEASANT DR | 2025-12 | $399,000 | 960 | 45.9% |
| 155 OCEAN GATE DR | 2025-05 | $401,000 | 960 | 39.5% |
| 28 STANFORD CT EAST | 2025-10 | $324,900 | 971 | 32.1% |
| 3 YORK CT | 2025-08 | $280,000 | 923 | 36.6% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
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