The Fair Share Report
403 Wheaton Ave
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 $475,000 – $619,138, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,824 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 $572,215 home should be assessed near $302,988.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,288 below what the ratio math suggests (5.7%).
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%
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 |
|---|---|---|---|---|
| 417 RIVERSIDE DR | 2025-01 | $380,000 | 1,658 | 62.5% |
| 371 VETERANS BLVD | 2025-06 | $585,000 | 1,828 | 42.5% |
| 343 CLIFTON AVE | 2025-08 | $480,000 | 1,788 | 49.4% |
| 152 CLIFFORD B WRIGHT ST | 2025-09 | $460,000 | 1,805 | 53.5% |
| 281 BAYVILLE AVE | 2025-02 | $510,000 | 1,755 | 53.5% |
| 14 HEMLOCK LN | 2026-01 | $643,800 | 1,815 | 41.4% |
| 519 TRENTON AVE SOUTH | 2025-08 | $500,000 | 1,920 | 51.5% |
| 501 EASTERN BLVD | 2025-03 | $560,000 | 1,732 | 49.6% |
| 50 YARDARM CT | 2025-09 | $750,000 | 1,882 | 52.6% |
| 174 FIFTH AVE | 2025-05 | $549,000 | 1,750 | 41.0% |
| 409 BIRCH ST | 2025-05 | $482,500 | 1,800 | 56.3% |
| 364 RAILROAD AVE | 2026-04 | $630,000 | 1,856 | 43.0% |
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