The Fair Share Report
324 Gerard Ave
Berkeley, NJ 08752
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 $381,205 – $555,112, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,680 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 $435,281 home should be assessed near $230,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $315,019 above what the ratio math suggests (136.7%).
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
30%149%
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 $8,159/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 210 MIDWAY AVE | 2026-04 | $1,200,000 | 1,740 | 36.0% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 60 WOODLAND RD | 2026-05 | $312,500 | 1,588 | 65.1% |
| 70 MALLARD RD | 2025-01 | $380,000 | 1,588 | 69.5% |
| 12 NELSON CT | 2026-01 | $420,000 | 1,580 | 44.4% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 54 KORMAN RD | 2025-04 | $415,000 | 1,503 | 51.9% |
| 24 RUTLAND DR | 2026-04 | $339,000 | 1,494 | 39.2% |
| 217 NO BAY DR | 2025-12 | $635,000 | 1,910 | 57.2% |
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