The Fair Share Report
422 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 $262,925 – $348,487, 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 $310,629 home should be assessed near $164,478.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,978 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
25%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 17 KILLINGTON RD | 2025-04 | $330,000 | 1,095 | 59.2% |
| 51 GOOD LUCK DRIVE | 2026-04 | $940,000 | 1,056 | 25.5% |
| 257 SANDLEWOOD DR | 2026-03 | $740,000 | 1,248 | 48.6% |
| 12 JERICHO RD | 2025-10 | $260,000 | 1,153 | 42.2% |
| 27 OAKFIELD RD | 2025-03 | $315,000 | 1,153 | 44.3% |
| 71 CHESTERFIELD LN | 2026-01 | $311,000 | 1,135 | 46.2% |
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 15 FAIRFIELD RD | 2025-07 | $325,000 | 1,153 | 36.0% |
| 15 BROOKFIELD CT | 2026-02 | $260,000 | 1,117 | 42.2% |
| 124 NORTHUMBERLAND DR | 2026-03 | $190,000 | 1,139 | 50.0% |
| 25 WILLOUGHBY CT | 2025-01 | $278,000 | 1,139 | 41.7% |
| 22 DOWN CT | 2026-04 | $330,000 | 1,140 | 30.7% |
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