The Fair Share Report
411 Third Ave
Berkeley, NJ 08527
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 $450,578 – $863,485, 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 $519,723 home should be assessed near $275,193.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,593 below what the ratio math suggests (14.8%).
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
22%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 |
|---|---|---|---|---|
| 234 SECOND AVE | 2025-12 | $589,000 | 2,049 | 48.4% |
| 22 DOLPHIN CIRCLE WEST | 2026-03 | $580,000 | 1,817 | 43.9% |
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 28 DOLPHIN CIRCLE WEST | 2025-06 | $580,000 | 2,084 | 48.4% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
| 100 TWENTIETH AVE | 2025-04 | $982,500 | 1,945 | 52.2% |
| 92 BUTLER AVE | 2025-06 | $447,000 | 1,832 | 47.8% |
| 124 AMHERST DR | 2025-06 | $840,000 | 1,840 | 42.9% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 535 EASTERN BLVD | 2025-12 | $580,000 | 1,976 | 46.8% |
| 211 PINE DR | 2026-03 | $827,000 | 1,760 | 46.7% |
| 4 BRANCHWOOD PL | 2026-05 | $640,000 | 1,890 | 51.8% |
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