The Fair Share Report
417 Wheaton Ave
Berkeley, NJ 08753
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 $319,703 – $439,242, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,318 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 $345,052 home should be assessed near $182,705.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $397,395 above what the ratio math suggests (217.5%).
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
30%187%
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 $10,293/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 103 SANDPIPER LN | 2025-04 | $327,000 | 1,278 | 56.3% |
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 6 GWYN CT | 2025-03 | $350,000 | 1,356 | 48.5% |
| 97 SANDPIPER DR | 2025-03 | $365,000 | 1,398 | 49.6% |
| 110 SANDPIPER LN | 2025-07 | $340,000 | 1,418 | 58.1% |
| 545 HOPEDALE DR SW | 2025-08 | $531,000 | 1,254 | 42.1% |
| 117 SANDPIPER LN | 2026-01 | $290,000 | 1,448 | 70.6% |
| 6 SNOWDON CT | 2025-12 | $400,000 | 1,440 | 46.0% |
| 5 CORFU CT | 2026-04 | $515,000 | 1,440 | 36.8% |
| 5 CORFU CT | 2025-10 | $479,900 | 1,440 | 39.5% |
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