The Fair Share Report
8 Third Ln
Berkeley, NJ 08873
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 $297,265 – $518,953, 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 $342,401 home should be assessed near $181,301.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $118,099 above what the ratio math suggests (65.1%).
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%106%
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 |
|---|---|---|---|---|
| 597 ROUTE 9 | 2025-07 | $300,000 | 783 | 81.3% |
| 601 MAIN ST | 2025-11 | $285,000 | 768 | 63.0% |
| 15 BUCKLEY LN | 2026-06 | $370,000 | 858 | 46.3% |
| 23 FIFTH LANE | 2025-02 | $610,000 | 648 | 53.1% |
| 74 SECOND AVE | 2026-05 | $260,000 | 800 | 40.9% |
| 231 BUTLER BLVD | 2025-12 | $480,000 | 775 | 60.1% |
| 26 FIFTH LANE | 2026-05 | $650,000 | 600 | 47.7% |
| 70 J F K BLVD | 2025-05 | $400,000 | 728 | 52.6% |
| 70 J F K BLVD | 2025-03 | $280,000 | 728 | 75.2% |
| 174 BRENNAN CONCOURSE | 2025-04 | $350,000 | 1,024 | 47.3% |
| 213 FERNWOOD DR | 2025-08 | $520,000 | 762 | 54.6% |
| 614 BAY BLVD | 2025-11 | $520,000 | 1,081 | 31.7% |
Is this your house?
Run your own report →