The Fair Share Report
54 Second Ave
Berkeley, NJ 08005
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 $206,439 – $427,149, 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 $357,178 home should be assessed near $189,126.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $81,926 below what the ratio math suggests (43.3%).
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
20%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 |
|---|---|---|---|---|
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 106 SURF DR | 2025-05 | $1,500,000 | 1,060 | 32.9% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 229 PT PLEASANT AVE | 2026-06 | $385,000 | 1,092 | 45.1% |
| 9 CARLISLE RD | 2026-05 | $220,000 | 1,059 | 45.1% |
| 88 WESTBROOK DR | 2025-04 | $285,000 | 1,031 | 47.8% |
| 18 NORTHUMBERLAND DR | 2025-10 | $400,000 | 1,069 | 26.7% |
| 18 NORTHUMBERLAND DR | 2025-06 | $212,500 | 1,069 | 50.3% |
| 6 BIMINI DR | 2026-04 | $343,000 | 1,034 | 30.1% |
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