The Fair Share Report
4 Lee Ave
Berkeley, NJ 08731
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 $370,432 – $608,830, 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 $467,497 home should be assessed near $247,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,060 above what the ratio math suggests (8.1%).
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%78%
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 |
|---|---|---|---|---|
| 78 RONALD AVE SOUTH | 2026-04 | $845,000 | 1,656 | 43.6% |
| 76 RONALD AVE SOUTH | 2025-10 | $905,000 | 1,694 | 45.8% |
| 318 BAY BLVD | 2025-05 | $493,500 | 1,746 | 47.2% |
| 228 SANDLEWOOD DR | 2025-08 | $575,000 | 1,620 | 60.3% |
| 235 LONG BRANCH AVE | 2025-08 | $480,000 | 1,612 | 51.5% |
| 238 LAKEWOOD AVE | 2025-08 | $310,000 | 1,612 | 71.0% |
| 68 SHERMAN AVE | 2025-08 | $340,000 | 1,658 | 74.4% |
| 63 CHARLOTTEVILLE DR S | 2025-01 | $400,000 | 1,604 | 88.0% |
| 23 BUTLER BLVD | 2026-03 | $459,900 | 1,600 | 49.1% |
| 228 ELIZABETH AVE | 2025-10 | $425,000 | 1,660 | 48.5% |
| 234 LAKEWOOD AVE | 2026-05 | $525,000 | 1,593 | 43.6% |
| 151 HUNTLEY AVE | 2025-10 | $375,000 | 1,590 | 38.1% |
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