The Fair Share Report
348 Central Blvd
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 $1,151,768 – $1,295,272, from 12 comparable Berkeley sales in the past 18 months, at this home's 4,551 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 $1,202,629 home should be assessed near $636,792.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,692 below what the ratio math suggests (12.2%).
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%68%
Paying about right
This home's ratio lands inside Berkeley's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 75 CHARLES ST | 2025-05 | $885,000 | 3,137 | 67.9% |
| 50 PLEASANT VALLEY CT | 2025-01 | $809,000 | 3,097 | 51.1% |
| 394 NIXON AVE | 2025-12 | $885,000 | 2,802 | 41.7% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 4 HADDON AVE | 2025-07 | $725,000 | 3,193 | 57.6% |
| 16 COLTON CT | 2025-06 | $750,000 | 2,914 | 53.7% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
| 6 MICHELLE LN | 2025-03 | $659,000 | 2,621 | 58.2% |
| 39 BRITTANY DR | 2025-12 | $680,000 | 2,515 | 51.7% |
| 175 SOUTHERN BLVD | 2025-09 | $715,000 | 2,896 | 52.0% |
| 221 MAGNOLIA DR | 2025-08 | $1,225,000 | 3,651 | 56.6% |
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