The Fair Share Report
439 Sunset Dr
Berkeley, NJ 08902
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (60.89%) — roughly $13,372/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $744,958 – $1,001,202, 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 $901,459 home should be assessed near $477,323.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $516,277 above what the ratio math suggests (108.2%).
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%139%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 56 TIMBERLINE RD | 2026-06 | $768,000 | 3,490 | 50.1% |
| 68 MOORAGE AVE | 2026-06 | $950,000 | 3,366 | 61.7% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 22 CORRIGAN AVE | 2025-07 | $749,000 | 3,108 | 52.5% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
| 48 TIMBERLINE RD | 2025-04 | $595,000 | 2,867 | 66.2% |
| 24 BUCKLEY LN | 2025-05 | $785,000 | 2,955 | 53.5% |
| 6 SURLE CT | 2025-09 | $812,000 | 2,592 | 47.0% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
| 3 DALE CT | 2025-03 | $735,000 | 2,848 | 58.5% |
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