The Fair Share Report
474 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 $639,617 – $794,373, 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 $690,582 home should be assessed near $365,663.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,337 above what the ratio math suggests (9.4%).
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 |
|---|---|---|---|---|
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 126 MANHATTAN AVE | 2025-10 | $700,000 | 2,527 | 59.3% |
| 12 MICHELLE LN | 2025-02 | $655,000 | 2,478 | 55.7% |
| 453 ANDREW AVE | 2026-04 | $615,000 | 2,368 | 56.1% |
| 336 ARLINGTON AVE | 2026-03 | $570,565 | 2,282 | 61.9% |
| 449 MONTGOMERY ST | 2025-11 | $800,000 | 2,388 | 42.0% |
| 262 GRAND CENTRAL PKWY | 2025-06 | $775,000 | 2,286 | 45.5% |
| 6 KEY LARGO CT | 2026-01 | $675,000 | 2,425 | 48.0% |
| 18 YAFFA RD | 2025-04 | $725,000 | 2,322 | 49.9% |
| 25 STOLLMAN ST | 2026-04 | $775,000 | 2,723 | 49.7% |
| 421 PRINCETON AVE | 2025-05 | $675,000 | 2,304 | 49.4% |
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