The Fair Share Report
331 Bayview 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 $392,793 – $878,180, 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 $708,721 home should be assessed near $375,268.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $144,732 above what the ratio math suggests (38.6%).
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%138%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 26 SWINDON CT | 2025-05 | $478,000 | 2,198 | 45.7% |
| 71 TOP SAIL CT | 2025-08 | $856,000 | 2,285 | 55.2% |
| 295 ALLEN RD | 2025-10 | $885,000 | 2,310 | 60.2% |
| 59 TOP SAIL CT | 2026-03 | $965,000 | 2,388 | 50.8% |
| 38 SYMPHONY AVE | 2026-03 | $485,000 | 2,532 | 53.1% |
| 15 BRENTWOOD DR | 2025-12 | $710,000 | 2,221 | 44.6% |
| 202 BAY CT | 2025-09 | $812,500 | 2,114 | 56.2% |
| 163 SYLVAN LAKE BLVD | 2025-01 | $485,000 | 2,532 | 51.6% |
| 329 BAYVIEW AVE | 2025-01 | $980,000 | 1,898 | 54.1% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 114 DRIFTWOOD DR | 2026-04 | $405,000 | 2,034 | 53.4% |
| 7 ALBATROSS PT | 2026-03 | $820,000 | 2,277 | 47.9% |
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