The Fair Share Report
8 First Ln
Berkeley, NJ 08807
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 $351,654 – $463,038, 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 $403,065 home should be assessed near $213,423.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $128,977 above what the ratio math suggests (60.4%).
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%103%
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 $3,341/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 17 GLENWOOD DR | 2025-06 | $449,900 | 1,052 | 48.6% |
| 519 BAY BLVD | 2025-09 | $371,000 | 1,050 | 45.9% |
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 14 ALBATROSS PT | 2026-01 | $600,000 | 1,152 | 55.9% |
| 206 CORNELIUS ST | 2026-05 | $410,000 | 1,029 | 51.4% |
| 145 OCEAN GATE DR | 2025-04 | $440,000 | 1,020 | 36.0% |
| 15 BUCKLEY LN | 2026-06 | $370,000 | 858 | 46.3% |
| 124 PATTON AVE | 2024-12 | $305,000 | 1,098 | 67.9% |
| 34 DOCKAGE RD | 2026-02 | $410,000 | 1,100 | 50.0% |
| 51 GOOD LUCK DRIVE | 2026-04 | $940,000 | 1,056 | 25.5% |
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