The Fair Share Report
617 Third St
Beverly, NJ 08057
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 $111,648 – $217,329, from 8 comparable Beverly 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 Beverly assessments sit below market value — republished every October, applied town-wide. A $129,158 home should be assessed near $76,113.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,913 below what the ratio math suggests (7.8%).
Step 4 · The tax rate — same for every Beverly home
$2.373 Schools · 48% $0.542 County · 11% $2.042 Town · 41%
Step 5 · The bill
This home vs. every recent Beverly sale · assessed ÷ market
27%78%
Paying about right
This home's ratio lands inside Beverly'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 |
|---|---|---|---|---|
| 506 WHEATLEY AVE | 2025-11 | $130,000 | 772 | 77.9% |
| 521 SPRUCE ST | 2025-11 | $175,000 | 1,315 | 50.2% |
| 41 PINE ST | 2025-06 | $350,000 | 1,326 | 35.7% |
| 610 LEE AVE | 2026-03 | $223,000 | 1,154 | 49.5% |
| 533 MELBOURNE AVE | 2025-09 | $162,000 | 1,300 | 65.6% |
| 467 COOPER ST | 2025-06 | $275,000 | 1,036 | 51.2% |
| 603 SPRUCE ST | 2025-03 | $350,000 | 1,288 | 22.3% |
| 111 DORY COURT | 2025-01 | $205,000 | 1,372 | 71.2% |
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