The Fair Share Report
46 Timberline Rd
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 $700,320 – $910,367, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,906 sq ft.
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 $749,968 home should be assessed near $397,108.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,708 below what the ratio math suggests (5.2%).
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%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 |
|---|---|---|---|---|
| 48 TIMBERLINE RD | 2025-04 | $595,000 | 2,867 | 66.2% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 167 AMSTERDAM AVE | 2026-06 | $655,000 | 2,620 | 49.8% |
| 27 BOWSPRIT DR | 2025-01 | $995,000 | 2,822 | 60.3% |
| 26 BOWSPRIT DR | 2025-12 | $1,090,000 | 2,806 | 54.4% |
| 17 JIBSAIL DR | 2025-10 | $939,000 | 2,778 | 56.4% |
| 6 SURLE CT | 2025-09 | $812,000 | 2,592 | 47.0% |
| 3 DALE CT | 2025-03 | $735,000 | 2,848 | 58.5% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 56 TIMBERLINE RD | 2026-06 | $768,000 | 3,490 | 50.1% |
| 148 MANHATTAN AVE | 2025-07 | $758,000 | 2,680 | 50.3% |
| 10 BUTTERNUT LANE | 2025-10 | $680,000 | 2,567 | 53.6% |
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