The Fair Share Report
437 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 $595,045 – $770,534, 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 $646,634 home should be assessed near $342,393.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,907 above what the ratio math suggests (10.8%).
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%69%
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 |
|---|---|---|---|---|
| 525 VANDERBILT AVE | 2025-02 | $575,000 | 2,691 | 60.2% |
| 185 HARBOR INN RD | 2025-10 | $760,000 | 2,876 | 47.5% |
| 99 STATION RD | 2025-03 | $2,942,000 | 2,438 | 23.7% |
| 40 MORRIS BLVD | 2025-12 | $585,000 | 2,374 | 52.0% |
| 52 CRANMER RD | 2025-07 | $525,000 | 2,592 | 55.3% |
| 8 GLENWOOD DR | 2025-03 | $455,000 | 2,243 | 65.5% |
| 13 COLTON CT | 2025-12 | $749,000 | 2,439 | 54.1% |
| 1533 BAY VIEW AVE | 2025-11 | $1,365,000 | 2,436 | 42.4% |
| 353 LIVINGSTON AVE | 2026-05 | $600,000 | 2,434 | 48.1% |
| 4 BRIDLE PATH | 2025-08 | $719,900 | 2,465 | 47.8% |
| 5 MELINDA CT. | 2025-12 | $712,000 | 2,469 | 58.4% |
| 6 KEY LARGO CT | 2026-01 | $675,000 | 2,425 | 48.0% |
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