The Fair Share Report
71 Berkeley Dr
Tenafly, NJ 07670
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (73.89%) — roughly $13,269/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $799,419 – $1,685,595, from 12 comparable Tenafly 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 Tenafly assessments sit below market value — republished every October, applied town-wide. A $1,445,971 home should be assessed near $929,036.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $446,464 above what the ratio math suggests (48.1%).
Step 4 · The tax rate — same for every Tenafly home
$1.924 Schools · 65% $0.332 County · 11% $0.716 Town · 24%
Step 5 · The bill
This home vs. every recent Tenafly sale · assessed ÷ market
36%178%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 54 WINDSOR RD | 2025-04 | $999,900 | 2,550 | 33.4% |
| 41 CYPRESS ST | 2025-09 | $1,598,000 | 2,182 | 48.1% |
| 111 ENGLE ST | 2025-08 | $1,235,000 | 2,397 | 38.1% |
| 99 OXFORD DR | 2025-11 | $2,350,000 | 2,845 | 56.6% |
| 170 HICKORY AVE | 2026-03 | $1,295,000 | 1,964 | 54.4% |
| 29 ENGLE ST | 2026-01 | $858,500 | 2,276 | 58.8% |
| 21 HOWARD PARK DR | 2025-01 | $1,700,000 | 2,633 | 34.4% |
| 72 DOWNEY DR | 2025-12 | $999,000 | 2,939 | 79.0% |
| 76 FOREST RD | 2026-04 | $1,640,000 | 2,412 | 56.7% |
| 310 DEVON RD | 2025-07 | $2,750,000 | 3,342 | 48.3% |
| 83 NORMAN PL | 2026-05 | $1,650,000 | 2,693 | 46.6% |
| 29 ENGLE ST | 2025-06 | $999,000 | 2,628 | 61.8% |
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