The Fair Share Report
428 Third Ave
Berkeley, NJ 08527
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 $541,781 – $675,001, 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 $624,691 home should be assessed near $330,774.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,374 below what the ratio math suggests (20.1%).
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%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 |
|---|---|---|---|---|
| 4 SADDLE RIDGE COURT | 2025-11 | $700,000 | 2,226 | 50.0% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
| 174 FIFTH AVE | 2025-05 | $549,000 | 1,750 | 41.0% |
| 10 JEFFERSON AVE | 2025-05 | $857,000 | 2,367 | 45.1% |
| 281 EVERGREEN DR | 2026-04 | $1,200,000 | 2,237 | 47.1% |
| 13 SKIMMER LANE | 2026-03 | $490,000 | 2,004 | 53.1% |
| 14 OSPREY LANE | 2025-07 | $540,000 | 2,004 | 55.3% |
| 6 OSPREY LANE | 2025-06 | $520,000 | 2,004 | 49.6% |
| 1 OSPREY LANE | 2025-04 | $660,000 | 2,004 | 45.2% |
| 256 ELIZABETH AVE | 2025-09 | $759,900 | 2,190 | 49.3% |
| 4 CONOR CT | 2026-03 | $670,000 | 2,166 | 47.1% |
| 50 YARDARM CT | 2025-09 | $750,000 | 1,882 | 52.6% |
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