The Fair Share Report
223 Berkeley Rd
Riveredge, NJ 07661
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 $821,609 – $1,083,947, from 12 comparable River Edge 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 River Edge assessments sit below market value — republished every October, applied town-wide. A $942,305 home should be assessed near $875,401.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $230,999 above what the ratio math suggests (26.4%).
Step 4 · The tax rate — same for every River Edge home
$1.523 Schools · 63% $0.229 County · 9% $0.666 Town · 28%
This home's own bill implies $2.299 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent River Edge sale · assessed ÷ market
70%140%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $5,588/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 564 FIFTH AVE | 2025-01 | $1,075,000 | 2,844 | 103.4% |
| 784 KINDERKAMACK ROAD, #1 | 2026-04 | $870,000 | 1,880 | 71.7% |
| 87 SURREY LA | 2026-02 | $999,000 | 1,731 | 75.9% |
| 785 SUMMIT AVE | 2025-02 | $920,000 | 2,370 | 94.7% |
| 165 MOHAWK DR | 2026-02 | $1,035,000 | 2,393 | 81.4% |
| 146 MANNING AVE. | 2025-04 | $926,000 | 2,590 | 82.2% |
| 766 SEVENTH AVE | 2026-04 | $740,000 | 2,716 | 107.4% |
| 172 MOHAWK DR. | 2026-03 | $930,000 | 2,623 | 80.1% |
| 250 KINDERKAMACK RD | 2026-05 | $665,000 | 2,118 | 92.6% |
| 171 VOORHIS AVE | 2025-03 | $859,000 | 1,858 | 98.1% |
| 409 WINDSOR ROAD | 2026-04 | $728,000 | 1,831 | 93.5% |
| 177 JEFFERSON AVE | 2025-04 | $851,000 | 1,914 | 81.8% |
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