The Fair Share Report
390 Eastern 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 $263,000 – $377,500, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,232 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 $318,500 home should be assessed near $168,646.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,754 above what the ratio math suggests (37.2%).
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%93%
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 $1,625/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 36 GEORGETOWN DR | 2025-10 | $339,000 | 1,232 | 56.9% |
| 493 ST THOMAS DR | 2025-05 | $318,500 | 1,232 | 23.2% |
| 80 WESTBROOK DR | 2025-09 | $220,000 | 1,210 | 104.4% |
| 2 VAN GOGH ST | 2025-11 | $263,000 | 1,232 | 44.0% |
| 153 FT DE FRANCE AVE | 2025-02 | $319,900 | 1,264 | 5.6% |
| 16 MIRADOR CT | 2026-04 | $335,000 | 1,232 | 46.3% |
| 170 PORT ROYAL DR | 2026-01 | $250,000 | 1,232 | 49.7% |
| 38 MARQUIS ST | 2026-01 | $270,000 | 1,232 | 44.0% |
| 10 AZTEC CT | 2025-11 | $272,500 | 1,232 | 43.4% |
| 3 TIVOLI ST | 2025-08 | $377,500 | 1,232 | 33.9% |
| 38 ST DAVID DR | 2026-01 | $385,000 | 1,214 | 102.9% |
| 193 BIABOU DR | 2026-03 | $342,500 | 1,232 | 33.1% |
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