The Fair Share Report
623 Berkeley Ave
Berkeley, NJ 08721
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 $225,951 – $344,692, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,104 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 $267,912 home should be assessed near $141,859.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,441 above what the ratio math suggests (37.7%).
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%92%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 103 TWENTY-THIRD AVE #11 | 2026-04 | $827,000 | 1,156 | 48.3% |
| 147 GRAND CENTRAL PKWY | 2026-01 | $225,000 | 1,104 | 84.0% |
| 5 NORFOLK DR | 2025-02 | $279,000 | 1,107 | 37.6% |
| 2 BASSET DR | 2025-05 | $270,000 | 1,140 | 42.0% |
| 482 RADOVAN AVE | 2025-10 | $465,000 | 1,146 | 49.9% |
| 89 CARLISLE RD | 2026-03 | $350,000 | 1,121 | 46.0% |
| 95 CARLISLE RD | 2025-03 | $225,000 | 1,121 | 69.7% |
| 146 BIMINI DR | 2026-02 | $314,000 | 1,124 | 34.0% |
| 527 JAMAICA BLVD | 2025-11 | $265,000 | 1,092 | 84.2% |
| 61 FALMOUTH ST | 2025-01 | $253,000 | 1,124 | 8.9% |
| 164 GRAND CENTRAL PKWY | 2025-02 | $380,000 | 1,128 | 48.2% |
| 6 LANGLEY RD | 2025-06 | $232,500 | 1,136 | 43.7% |
Is this your house?
Run your own report →