The Fair Share Report
403 Second Ave
Berkeley, NJ 08757
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 $319,611 – $425,827, 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 $355,420 home should be assessed near $188,195.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,895 below what the ratio math suggests (23.3%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.052 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
28%68%
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 |
|---|---|---|---|---|
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 17 KILLINGTON RD | 2025-04 | $330,000 | 1,095 | 59.2% |
| 317 BAYVIEW AVE | 2025-04 | $710,000 | 1,435 | 64.7% |
| 16 SHERIDAN RD | 2025-10 | $379,900 | 1,451 | 40.4% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 51 GOOD LUCK DRIVE | 2026-04 | $940,000 | 1,056 | 25.5% |
| 326 JAMAICA BLVD | 2025-02 | $379,000 | 1,356 | 37.6% |
| 49 WESTPORT DR | 2025-08 | $325,000 | 1,360 | 38.7% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 42 PORTSMOUTH DR | 2025-03 | $340,000 | 1,440 | 53.1% |
| 46 AUBURN RD | 2025-11 | $307,500 | 1,360 | 39.6% |
| 18 WESTPORT DR | 2025-09 | $330,000 | 1,360 | 39.1% |
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