The Fair Share Report
486 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 $472,005 – $748,037, from 12 comparable Berkeley sales in the past 18 months, at this home's 2,045 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 $673,503 home should be assessed near $356,620.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,920 below what the ratio math suggests (24.7%).
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 |
|---|---|---|---|---|
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 12 CARLYLE DR | 2025-07 | $700,000 | 1,970 | 79.0% |
| 26 SWINDON CT | 2025-05 | $478,000 | 2,198 | 45.7% |
| 4 BLYTH CT | 2025-06 | $445,000 | 1,928 | 103.5% |
| 68 MALLARD RD | 2025-03 | $405,000 | 2,050 | 58.8% |
| 7 COLTON CT | 2025-06 | $510,000 | 2,229 | 68.3% |
| 364 RAILROAD AVE | 2026-04 | $630,000 | 1,856 | 43.0% |
| 13 SKIMMER LANE | 2026-03 | $490,000 | 2,004 | 53.1% |
| 14 OSPREY LANE | 2025-07 | $540,000 | 2,004 | 55.3% |
| 6 OSPREY LANE | 2025-06 | $520,000 | 2,004 | 49.6% |
| 1 OSPREY LANE | 2025-04 | $660,000 | 2,004 | 45.2% |
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