The Fair Share Report
55 Second Ave
Berkeley, NJ 08701
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $280,800 – $535,123, from 12 comparable Berkeley sales in the past 18 months, at this home's 864 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 $384,300 home should be assessed near $203,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,887 below what the ratio math suggests (50.1%).
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
14%68%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 LAWRENCE AVE | 2025-06 | $335,000 | 822 | 57.5% |
| 1023 EDGEBROOK DR EAST | 2025-12 | $140,000 | 926 | 74.6% |
| 22 TWENTY-FIRST AVE | 2026-06 | $1,300,000 | 827 | 40.8% |
| 50 PARK AVE | 2025-10 | $427,000 | 960 | 46.8% |
| 1481 BARNEGAT AVE | 2026-01 | $675,000 | 876 | 51.0% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 231 BUTLER BLVD | 2025-12 | $480,000 | 775 | 60.1% |
| 213 FERNWOOD DR | 2025-08 | $520,000 | 762 | 54.6% |
| 33 ANCHORAGE BLVD | 2025-12 | $368,500 | 760 | 51.9% |
| 27 ANCHORAGE BLVD | 2025-09 | $345,000 | 760 | 46.4% |
| 210 FERNWOOD DR | 2025-11 | $580,000 | 960 | 47.0% |
| 937 EDGEBROOK DR NORTH | 2026-01 | $170,000 | 816 | 59.1% |
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