The Fair Share Report
54 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 $471,102 – $590,081, 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 $564,000 home should be assessed near $298,638.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,938 below what the ratio math suggests (17.1%).
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 |
|---|---|---|---|---|
| 11 OAKENGATES DR | 2025-06 | $419,900 | 1,826 | 48.0% |
| 4 BRANCHWOOD PL | 2026-05 | $640,000 | 1,890 | 51.8% |
| 168 CHESTERFIELD LN | 2026-02 | $380,000 | 1,862 | 57.3% |
| 12 BRIDLE PATH | 2025-09 | $715,000 | 2,201 | 48.4% |
| 73 TIMBERLINE RD | 2025-11 | $550,000 | 1,768 | 50.0% |
| 234 SECOND AVE | 2025-12 | $589,000 | 2,049 | 48.4% |
| 535 EASTERN BLVD | 2025-12 | $580,000 | 1,976 | 46.8% |
| 184 FIFTH AVE | 2025-08 | $705,000 | 2,295 | 47.4% |
| 70 BRIDLE PATH | 2025-06 | $689,000 | 2,201 | 45.9% |
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 403 FIRST AVE | 2026-06 | $625,000 | 2,364 | 41.3% |
| 174 FIFTH AVE | 2025-05 | $549,000 | 1,750 | 41.0% |
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