The Fair Share Report
52 First St
Berkeley, NJ 08757
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 $453,466 – $584,687, 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 $486,483 home should be assessed near $257,593.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,893 below what the ratio math suggests (13.5%).
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 |
|---|---|---|---|---|
| 15 DOLPHIN CIRCLE WEST | 2026-05 | $515,000 | 1,642 | 45.7% |
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 27 FREDERICK DR | 2025-10 | $480,000 | 1,668 | 56.0% |
| 202 THIRD AVE | 2026-05 | $435,000 | 1,504 | 47.3% |
| 4 BRANCHWOOD PL | 2026-05 | $640,000 | 1,890 | 51.8% |
| 7 BRANCHWOOD PL | 2026-06 | $610,000 | 1,578 | 45.4% |
| 17 CARDIGAN DR | 2025-04 | $367,500 | 1,639 | 52.9% |
| 11 OAKENGATES DR | 2025-06 | $419,900 | 1,826 | 48.0% |
| 73 TIMBERLINE RD | 2025-11 | $550,000 | 1,768 | 50.0% |
| 234 SECOND AVE | 2025-12 | $589,000 | 2,049 | 48.4% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 18 BLUE HERON LANE | 2025-05 | $585,000 | 1,579 | 44.0% |
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