The Fair Share Report
407 Sunset Dr S
Berkeley, NJ 08751
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 $662,578 – $754,008, 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 $719,257 home should be assessed near $380,847.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $523,453 above what the ratio math suggests (137.4%).
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%142%
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 $13,557/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 25 STOLLMAN ST | 2026-04 | $775,000 | 2,723 | 49.7% |
| 570 FOREST HILLS PKWY | 2025-09 | $584,900 | 3,026 | 57.8% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 353 LIVINGSTON AVE | 2026-05 | $600,000 | 2,434 | 48.1% |
| 12 MICHELLE LN | 2025-02 | $655,000 | 2,478 | 55.7% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 267 CYPRESS DR | 2025-08 | $1,151,500 | 2,418 | 48.4% |
| 14 BRITTANY DR | 2025-11 | $759,500 | 2,874 | 48.9% |
| 301 HOOVER AVE | 2026-06 | $740,000 | 2,811 | 50.9% |
| 4 HADDON AVE | 2025-07 | $725,000 | 3,193 | 57.6% |
| 10 ALLARD RD | 2025-03 | $621,000 | 2,512 | 62.4% |
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