The Fair Share Report
34A First Ln
Berkeley, NJ 08807
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 $302,658 – $562,616, 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 $373,973 home should be assessed near $198,019.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,381 above what the ratio math suggests (64.3%).
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%113%
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 |
|---|---|---|---|---|
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 545 HOPEDALE DR SW | 2025-08 | $531,000 | 1,254 | 42.1% |
| 17 KILLINGTON RD | 2025-04 | $330,000 | 1,095 | 59.2% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 51 GOOD LUCK DRIVE | 2026-04 | $940,000 | 1,056 | 25.5% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 354 WESTERN BLVD | 2026-05 | $515,000 | 1,248 | 48.0% |
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 168 GRAND CENTRAL PKWY | 2026-02 | $465,000 | 1,400 | 55.7% |
| 202 THIRD AVE | 2026-05 | $435,000 | 1,504 | 47.3% |
| 73 GUADALAJARA DR | 2025-08 | $315,000 | 1,232 | 39.2% |
| 73 GUADALAJARA DR | 2025-05 | $240,000 | 1,232 | 51.4% |
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