The Fair Share Report
11 Rio Ct
Berkeley, NJ 08757
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 $256,494 – $343,701, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,264 sq ft.
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 $305,000 home should be assessed near $161,498.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,603 above what the ratio math suggests (12.8%).
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%76%
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 |
|---|---|---|---|---|
| 7 LE DIAMANT ST | 2025-10 | $300,000 | 1,264 | 42.9% |
| 211 BONAIRE DR | 2026-05 | $305,000 | 1,264 | 37.4% |
| 97 LIBERTA DR | 2025-08 | $355,000 | 1,264 | 50.3% |
| 16 PAVILION ST | 2025-11 | $335,000 | 1,264 | 34.4% |
| 235 BARBADOS DR NORTH | 2025-09 | $357,000 | 1,264 | 30.8% |
| 260 PORT ROYAL DR | 2026-06 | $212,500 | 1,232 | 56.2% |
| 1 MIRAMAR CT | 2026-05 | $335,000 | 1,232 | 35.3% |
| 16 MIRADOR CT | 2026-04 | $335,000 | 1,232 | 46.3% |
| 170 PORT ROYAL DR | 2026-01 | $250,000 | 1,232 | 49.7% |
| 38 MARQUIS ST | 2026-01 | $270,000 | 1,232 | 44.0% |
| 47 HYANNIS ST | 2026-01 | $310,000 | 1,232 | 37.9% |
| 27 MARACAIBO PL | 2025-11 | $299,900 | 1,232 | 39.8% |
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