The Fair Share Report
601 Sunset Dr S
Berkeley, NJ 08751
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 $401,454 – $914,710, 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 $503,829 home should be assessed near $266,777.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $308,223 above what the ratio math suggests (115.5%).
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%149%
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 $7,983/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 221 RIVERSIDE DR | 2025-12 | $400,000 | 1,798 | 54.0% |
| 305 NEPTUNE AVE | 2026-03 | $505,000 | 1,840 | 46.5% |
| 71 RONALD AVE SOUTH | 2026-06 | $850,000 | 1,766 | 41.8% |
| 96 OCEAN AVE | 2025-02 | $1,700,000 | 1,600 | 43.0% |
| 254 BUTLER BLVD | 2025-08 | $625,000 | 1,968 | 58.4% |
| 78 RONALD AVE SOUTH | 2026-04 | $845,000 | 1,656 | 43.6% |
| 151 HUNTLEY AVE | 2025-10 | $375,000 | 1,590 | 38.1% |
| 69 MALLARD RD | 2025-12 | $470,000 | 1,814 | 57.1% |
| 76 RONALD AVE SOUTH | 2025-10 | $905,000 | 1,694 | 45.8% |
| 260 TEAKWOOD DR | 2025-06 | $875,000 | 1,898 | 43.2% |
| 767 JAMAICA BLVD | 2026-06 | $540,000 | 1,896 | 30.3% |
| 18 ANCHORAGE BLVD | 2026-06 | $270,000 | 1,422 | 74.0% |
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