The Fair Share Report
320 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 $220,202 – $311,316, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,092 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 $272,244 home should be assessed near $144,153.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,947 above what the ratio math suggests (34.6%).
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%94%
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 $1,294/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 80 BRAKENBURY DR | 2025-07 | $225,000 | 1,059 | 244.4% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 108 GEORGETOWN RD | 2025-03 | $339,900 | 1,059 | 30.4% |
| 6 STANFORD DR | 2026-02 | $220,000 | 1,091 | 48.5% |
| 8 BRAKENBURY CT | 2025-07 | $325,000 | 1,140 | 40.0% |
| 549 JAMAICA BLVD | 2026-06 | $200,000 | 1,092 | 9.0% |
| 565 JAMAICA BLVD | 2025-03 | $200,000 | 1,092 | 9.0% |
| 14 SUTHERLAND CT | 2025-01 | $300,000 | 1,088 | 52.3% |
| 355 WESTERN BLVD | 2026-05 | $375,000 | 1,104 | 47.0% |
| 110 GEORGETOWN RD | 2025-03 | $265,000 | 1,135 | 40.4% |
| 29 SHERWOOD LN | 2026-02 | $248,000 | 1,083 | 40.5% |
| 1111 WATERBERRY CT SOUTH | 2026-02 | $299,000 | 1,083 | 35.9% |
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