The Fair Share Report
7 Third Ln
Berkeley, NJ 08882
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 $266,043 – $363,136, 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 $290,411 home should be assessed near $153,773.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $202,427 above what the ratio math suggests (131.6%).
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%139%
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 $5,243/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 138 SPOONBILL HOLLOW | 2025-05 | $290,000 | 1,220 | 66.2% |
| 354 WESTERN BLVD | 2026-05 | $515,000 | 1,248 | 48.0% |
| 73 GUADALAJARA DR | 2025-08 | $315,000 | 1,232 | 39.2% |
| 73 GUADALAJARA DR | 2025-05 | $240,000 | 1,232 | 51.4% |
| 71 CHESTERFIELD LN | 2026-01 | $311,000 | 1,135 | 46.2% |
| 38 LA DUNETTE DR | 2025-01 | $285,000 | 1,124 | 38.8% |
| 119 SANDPIPER LN | 2025-04 | $310,000 | 1,278 | 45.7% |
| 28 PRINCE CHARLES DR | 2025-12 | $250,000 | 1,161 | 57.2% |
| 12 JERICHO RD | 2025-10 | $260,000 | 1,153 | 42.2% |
| 17 KILLINGTON RD | 2025-04 | $330,000 | 1,095 | 59.2% |
| 139 PARADISE BLVD | 2025-06 | $360,000 | 1,161 | 31.0% |
| 27 OAKFIELD RD | 2025-03 | $315,000 | 1,153 | 44.3% |
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