The Fair Share Report
25 Eldorado St
Berkeley, NJ 08753
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 $235,925 – $322,111, 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 $261,441 home should be assessed near $138,433.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,433 below what the ratio math suggests (19.1%).
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
29%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 |
|---|---|---|---|---|
| 4 VALENCIA ST | 2025-07 | $347,000 | 1,232 | 33.6% |
| 1005 CAMINO REAL CT | 2025-02 | $292,000 | 1,232 | 61.0% |
| 7 SANTA FE CT | 2025-08 | $245,000 | 1,232 | 47.6% |
| 26 MARACAIBO PL | 2025-02 | $326,000 | 1,232 | 38.2% |
| 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% |
| 10 AZTEC CT | 2025-11 | $272,500 | 1,232 | 43.4% |
| 3 TIVOLI ST | 2025-08 | $377,500 | 1,232 | 33.9% |
| 38 ETON RD | 2026-03 | $265,000 | 1,201 | 43.5% |
| 260 PORT ROYAL DR | 2026-06 | $212,500 | 1,232 | 56.2% |
| 47 HYANNIS ST | 2026-01 | $310,000 | 1,232 | 37.9% |
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