The Fair Share Report
342 Eastern Blvd
Berkeley, NJ 08721
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Berkeley, but below NJ's legal appeal line (60.89%), where a case becomes winnable.
Step 1 · Market value
Likely range $255,909 – $379,326, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,126 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 $286,139 home should be assessed near $151,511.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,989 above what the ratio math suggests (46.9%).
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%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 569 COPLEY PL | 2026-05 | $380,000 | 1,128 | 43.6% |
| 16 PIERMONT RD | 2026-05 | $293,000 | 1,153 | 95.3% |
| 162 CASTLETON DR | 2026-03 | $258,622 | 1,153 | 76.3% |
| 103 TWENTY-THIRD AVE #11 | 2026-04 | $827,000 | 1,156 | 48.3% |
| 354 TRENTON AVE NORTH | 2025-10 | $260,000 | 1,144 | 81.2% |
| 164 GRAND CENTRAL PKWY | 2025-02 | $380,000 | 1,128 | 48.2% |
| 364 HOOVER AVE | 2025-02 | $350,000 | 1,175 | 53.4% |
| 7 WHITMORE CT | 2026-02 | $275,000 | 1,122 | 83.8% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 355 WESTERN BLVD | 2026-05 | $375,000 | 1,104 | 47.0% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
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