The Fair Share Report
482 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 $306,053 – $440,826, 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 $324,473 home should be assessed near $171,808.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,692 above what the ratio math suggests (28.9%).
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%78%
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 |
|---|---|---|---|---|
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 427 HARDING AVE | 2025-06 | $509,000 | 1,480 | 47.5% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 77 CHESTERFIELD LN | 2025-11 | $307,000 | 1,364 | 49.8% |
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