The Fair Share Report
415 Third 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 $457,354 – $886,410, 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 $533,521 home should be assessed near $282,499.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,799 below what the ratio math suggests (13.7%).
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
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% |
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 28 DOLPHIN CIRCLE WEST | 2025-06 | $580,000 | 2,084 | 48.4% |
| 22 DOLPHIN CIRCLE WEST | 2026-03 | $580,000 | 1,817 | 43.9% |
| 100 TWENTIETH AVE | 2025-04 | $982,500 | 1,945 | 52.2% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
| 124 AMHERST DR | 2025-06 | $840,000 | 1,840 | 42.9% |
| 535 EASTERN BLVD | 2025-12 | $580,000 | 1,976 | 46.8% |
| 4 BRANCHWOOD PL | 2026-05 | $640,000 | 1,890 | 51.8% |
| 419 SECOND AVE | 2026-06 | $600,000 | 2,374 | 41.1% |
| 58 WINTERTON DR | 2025-05 | $475,000 | 1,862 | 36.4% |
| 414 THIRD AVE | 2026-06 | $620,000 | 2,414 | 40.2% |
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