The Fair Share Report
5 Symphony 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 $411,655 – $727,353, 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 $457,736 home should be assessed near $242,371.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,329 above what the ratio math suggests (6.7%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.493 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 329 BAYVIEW AVE | 2025-01 | $980,000 | 1,898 | 54.1% |
| 140 SYLVAN LAKE BLVD | 2025-07 | $360,000 | 1,832 | 56.6% |
| 124 AMHERST DR | 2025-06 | $840,000 | 1,840 | 42.9% |
| 104 BUTLER AVE | 2025-09 | $414,000 | 1,888 | 50.3% |
| 1025 BAYVIEW AVE | 2025-10 | $751,000 | 1,931 | 75.8% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
| 24 CHUTNEY ST | 2026-06 | $420,000 | 1,829 | 42.2% |
| 3 STARFISH CT | 2026-06 | $425,000 | 1,904 | 50.0% |
| 92 BUTLER AVE | 2025-06 | $447,000 | 1,832 | 47.8% |
| 187 PRINCE CHARLES DR | 2025-08 | $380,000 | 1,749 | 14.3% |
| 127 SYLVAN LAKE BLVD | 2025-08 | $439,000 | 1,726 | 44.9% |
| 58 WINTERTON DR | 2025-05 | $475,000 | 1,862 | 36.4% |
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