The Fair Share Report
458 Wheaton Ave
Berkeley, NJ 08721
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 $355,377 – $533,298, 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 $470,018 home should be assessed near $248,875.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,225 above what the ratio math suggests (0.5%).
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
30%76%
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 |
|---|---|---|---|---|
| 12 NELSON CT | 2026-01 | $420,000 | 1,580 | 44.4% |
| 356 RAILROAD AVE | 2025-10 | $535,000 | 1,636 | 50.8% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 29 PHEASANT DR | 2025-12 | $515,000 | 1,588 | 53.3% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 351 WESTERN BLVD | 2026-04 | $519,500 | 1,548 | 46.5% |
| 501 EASTERN BLVD | 2025-03 | $560,000 | 1,732 | 49.6% |
| 253 WESTBROOK DR | 2025-02 | $382,400 | 1,514 | 34.1% |
| 365 CENTRAL BLVD | 2025-07 | $550,000 | 1,680 | 49.3% |
| 228 ELIZABETH AVE | 2025-10 | $425,000 | 1,660 | 48.5% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 317 TRENTON AVE NORTH | 2025-09 | $480,000 | 1,635 | 49.4% |
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