The Fair Share Report
421 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 $463,170 – $787,952, 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 $610,360 home should be assessed near $323,186.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $396,814 above what the ratio math suggests (122.8%).
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
30%161%
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 $10,277/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 40 MORRIS BLVD | 2025-12 | $585,000 | 2,374 | 52.0% |
| 52 CRANMER RD | 2025-07 | $525,000 | 2,592 | 55.3% |
| 65 NORTH ISLAND RD | 2025-11 | $830,000 | 2,285 | 51.4% |
| 9 COVE RD W | 2025-06 | $699,900 | 2,376 | 53.1% |
| 28 COVE RD W | 2025-11 | $1,200,000 | 2,496 | 48.9% |
| 101 CHELSEA AVE | 2025-11 | $549,900 | 2,748 | 54.6% |
| 263 LATIMER AVE | 2025-07 | $550,000 | 2,628 | 65.0% |
| 8 GLENWOOD DR | 2025-03 | $455,000 | 2,243 | 65.5% |
| 267 CYPRESS DR | 2025-08 | $1,151,500 | 2,418 | 48.4% |
| 142 BUTLER BLVD | 2025-04 | $555,000 | 2,408 | 43.4% |
| 68 MALLARD RD | 2025-03 | $405,000 | 2,050 | 58.8% |
| 380 TRENTON AVE NORTH | 2026-06 | $615,000 | 2,160 | 46.9% |
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