The Fair Share Report
40 Timberline Rd
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 $692,743 – $772,564, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,876 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 $757,111 home should be assessed near $400,890.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,410 above what the ratio math suggests (1.8%).
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%
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 |
|---|---|---|---|---|
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 3 DALE CT | 2025-03 | $735,000 | 2,848 | 58.5% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 48 TIMBERLINE RD | 2025-04 | $595,000 | 2,867 | 66.2% |
| 129 MANHATTAN AVE | 2026-05 | $750,000 | 2,792 | 52.2% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
| 14 BRITTANY DR | 2025-11 | $759,500 | 2,874 | 48.9% |
| 24 BUCKLEY LN | 2025-05 | $785,000 | 2,955 | 53.5% |
| 10 BUTTERNUT LANE | 2025-10 | $680,000 | 2,567 | 53.6% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 6 SURLE CT | 2025-09 | $812,000 | 2,592 | 47.0% |
| 301 HOOVER AVE | 2026-06 | $740,000 | 2,811 | 50.9% |
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