The Fair Share Report
414 Third Ave
Berkeley, NJ 08757
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $671,843 – $1,035,761, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,414 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 $741,556 home should be assessed near $392,654.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,354 below what the ratio math suggests (36.5%).
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
19%68%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 419 SECOND AVE | 2026-06 | $600,000 | 2,374 | 41.1% |
| 240 FERNWOOD DR | 2025-09 | $1,049,000 | 2,420 | 50.3% |
| 206 ROANOKE AVE | 2026-02 | $995,000 | 2,319 | 42.3% |
| 403 FIRST AVE | 2026-06 | $625,000 | 2,364 | 41.3% |
| 4 GOLDENROD AVE | 2025-08 | $620,000 | 2,424 | 55.6% |
| 281 EVERGREEN DR | 2026-04 | $1,200,000 | 2,237 | 47.1% |
| 96 BRIDLE PATH | 2025-09 | $700,000 | 2,276 | 49.9% |
| 234 SECOND AVE | 2025-12 | $589,000 | 2,049 | 48.4% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 184 FIFTH AVE | 2025-08 | $705,000 | 2,295 | 47.4% |
| 28 DOLPHIN CIRCLE WEST | 2025-06 | $580,000 | 2,084 | 48.4% |
| 4 BRIDLE PATH | 2025-08 | $719,900 | 2,465 | 47.8% |
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