The Fair Share Report
15 Morongo 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 $374,120 – $498,083, 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 $470,652 home should be assessed near $249,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,910 below what the ratio math suggests (18.4%).
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%68%
Paying about right
This home's ratio lands inside Berkeley's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 153 TORREY PINES DR | 2025-05 | $440,000 | 1,720 | 48.4% |
| 4 RAVENNA CT | 2026-05 | $376,000 | 1,734 | 42.5% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 11 SOUTH POINT CT | 2025-07 | $380,000 | 1,692 | 35.6% |
| 73 VIRGIN ISLANDS DR | 2025-05 | $426,000 | 1,720 | 46.1% |
| 3 DRAKE DR | 2025-09 | $670,000 | 1,884 | 59.9% |
| 11 OLSTINS CT | 2026-05 | $355,000 | 1,638 | 39.8% |
| 9 ST FRANCOIS CT | 2026-04 | $580,000 | 1,812 | 25.4% |
| 26 BELMONT AVE | 2025-05 | $467,500 | 1,712 | 50.3% |
| 9 TEMPLETON ST | 2025-06 | $450,000 | 1,656 | 46.3% |
| 89 OCEAN GATE AVE | 2025-03 | $730,000 | 1,740 | 52.7% |
| 9 WESTGATE CT | 2026-05 | $409,000 | 1,728 | 48.5% |
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