The Fair Share Report
511 Bay Blvd
Berkeley, NJ 08755
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 $236,463 – $682,485, from 12 comparable Berkeley sales in the past 18 months, at this home's 725 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 $351,530 home should be assessed near $186,135.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,435 below what the ratio math suggests (2.9%).
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
21%82%
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 |
|---|---|---|---|---|
| 23 FIFTH LANE | 2025-02 | $610,000 | 648 | 53.1% |
| 26 FIFTH LANE | 2026-05 | $650,000 | 600 | 47.7% |
| 27 FOURTH LANE | 2025-03 | $549,000 | 648 | 50.3% |
| 29 FOURTH LANE | 2025-02 | $467,000 | 648 | 59.5% |
| 231 BUTLER BLVD | 2025-12 | $480,000 | 775 | 60.1% |
| 150 TORREY PINES DR | 2025-06 | $232,000 | 757 | 39.5% |
| 136 TWENTY-FOURTH AVE | 2025-01 | $777,777 | 726 | 50.2% |
| 271 HARRINGTON DR NORTH | 2025-11 | $246,900 | 757 | 38.8% |
| 33 ANCHORAGE BLVD | 2025-12 | $368,500 | 760 | 51.9% |
| 27 ANCHORAGE BLVD | 2025-09 | $345,000 | 760 | 46.4% |
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 55 HYANNIS ST | 2026-04 | $270,625 | 757 | 32.5% |
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