The Fair Share Report
577 Route 9
Berkeley, NJ 08753
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 $388,256 – $480,080, 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 $412,844 home should be assessed near $218,601.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $137,099 above what the ratio math suggests (62.7%).
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%97%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $3,551/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 417 RIVERSIDE DR | 2025-01 | $380,000 | 1,658 | 62.5% |
| 830 ROUTE 9 | 2025-07 | $395,000 | 1,736 | 61.8% |
| 221 RIVERSIDE DR | 2025-12 | $400,000 | 1,798 | 54.0% |
| 96 OCEAN AVE | 2025-02 | $1,700,000 | 1,600 | 43.0% |
| 71 RONALD AVE SOUTH | 2026-06 | $850,000 | 1,766 | 41.8% |
| 91 WESTPORT DR | 2026-02 | $385,000 | 1,724 | 43.0% |
| 30 CHUTNEY ST | 2025-12 | $470,000 | 1,724 | 35.7% |
| 96 SANDPIPER DR | 2026-01 | $390,000 | 1,726 | 51.4% |
| 127 SYLVAN LAKE BLVD | 2025-08 | $439,000 | 1,726 | 44.9% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 9 WESTGATE CT | 2026-05 | $409,000 | 1,728 | 48.5% |
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