The Fair Share Report
640 Route 9
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 $243,284 – $382,769, 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 $320,608 home should be assessed near $169,762.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $200,138 above what the ratio math suggests (117.9%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.393 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%157%
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 $5,184/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 SHEEPSHEAD DR | 2026-05 | $440,000 | 1,340 | 33.7% |
| 33 WHITMORE DR | 2026-03 | $255,000 | 1,340 | 51.8% |
| 136 GEORGETOWN RD | 2025-09 | $285,000 | 1,340 | 41.7% |
| 6 COVENTRY RD | 2025-09 | $240,000 | 1,340 | 47.3% |
| 5 DUXBURY RD | 2025-08 | $345,000 | 1,340 | 37.4% |
| 220 LONG BRANCH AVE | 2025-02 | $416,350 | 1,344 | 46.1% |
| 41 ETON RD | 2025-07 | $343,500 | 1,338 | 35.2% |
| 265 LATIMER AVE | 2025-12 | $371,250 | 1,334 | 47.6% |
| 21 DRAKE DR | 2025-07 | $775,000 | 1,352 | 44.6% |
| 221 ORLANDO BLVD | 2026-06 | $250,000 | 1,328 | 49.0% |
| 165 PULASKI BLVD | 2026-06 | $320,000 | 1,328 | 38.3% |
| 154 DAVENPORT RD | 2026-06 | $251,500 | 1,328 | 48.5% |
Is this your house?
Run your own report →