The Fair Share Report
650 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 $876,762 – $1,137,017, 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 $948,485 home should be assessed near $502,223.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $135,077 above what the ratio math suggests (26.9%).
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%78%
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 |
|---|---|---|---|---|
| 100 MAGNOLIA LN | 2025-05 | $1,225,000 | 3,578 | 61.8% |
| 75 CHARLES ST | 2025-05 | $885,000 | 3,137 | 67.9% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 6 MICHELLE LN | 2025-03 | $659,000 | 2,621 | 58.2% |
| 4 HADDON AVE | 2025-07 | $725,000 | 3,193 | 57.6% |
| 361 EASTERN BLVD | 2025-05 | $620,000 | 2,574 | 56.5% |
| 16 COLTON CT | 2025-06 | $750,000 | 2,914 | 53.7% |
| 43 BRITTANY DR | 2025-06 | $805,000 | 3,161 | 54.2% |
| 13 COLTON CT | 2025-12 | $749,000 | 2,439 | 54.1% |
| 51 AMHERST DR | 2025-08 | $950,000 | 2,400 | 56.2% |
| 50 PLEASANT VALLEY CT | 2025-01 | $809,000 | 3,097 | 51.1% |
| 56 TIMBERLINE RD | 2026-06 | $768,000 | 3,490 | 50.1% |
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