The Fair Share Report
495 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 $465,102 – $670,751, 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 $523,359 home should be assessed near $277,119.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,081 above what the ratio math suggests (7.2%).
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%69%
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 |
|---|---|---|---|---|
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 14 HEMLOCK LN | 2026-01 | $643,800 | 1,815 | 41.4% |
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 8 LAUREL LN | 2025-11 | $680,000 | 1,859 | 62.1% |
| 322 GRAND CENTRAL PKWY | 2025-03 | $480,000 | 1,797 | 52.9% |
| 122 WESTPORT DR | 2025-10 | $425,000 | 1,603 | 36.9% |
| 4 BLYTH CT | 2025-06 | $445,000 | 1,928 | 103.5% |
| 25 LAWRENCE AVE | 2025-04 | $560,000 | 1,904 | 51.0% |
| 371 VETERANS BLVD | 2025-06 | $585,000 | 1,828 | 42.5% |
| 13 SKIMMER LANE | 2026-03 | $490,000 | 2,004 | 53.1% |
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