The Fair Share Report
392 Bayview Ave
Berkeley, NJ 07604
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 $303,262 – $380,321, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,396 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 $337,566 home should be assessed near $178,741.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $184,859 above what the ratio math suggests (103.4%).
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%125%
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 $4,788/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 82 SPINNAKER CT | 2025-11 | $735,000 | 1,401 | 50.6% |
| 7 BEAVERBROOK DR | 2025-09 | $339,500 | 1,404 | 43.5% |
| 14 CORTLANDT DR | 2025-03 | $382,500 | 1,404 | 39.0% |
| 52 CASTLETON DR | 2026-03 | $315,000 | 1,404 | 39.4% |
| 24 ZEELAND DR | 2025-02 | $310,000 | 1,404 | 48.6% |
| 119 CASTLETON DR | 2025-05 | $293,000 | 1,404 | 41.6% |
| 27 FAIRFIELD RD | 2025-04 | $363,000 | 1,404 | 34.3% |
| 23 FAIRFIELD RD | 2025-05 | $419,000 | 1,404 | 42.9% |
| 79 TOP SAIL CT | 2025-10 | $775,000 | 1,366 | 39.4% |
| 156 CASTLETON DR | 2025-12 | $200,000 | 1,404 | 62.0% |
| 4 NORWAY RD | 2025-07 | $349,000 | 1,404 | 38.5% |
| 34 WESTPORT DR | 2025-07 | $290,000 | 1,404 | 60.5% |
Is this your house?
Run your own report →