The Fair Share Report
32 Eldorado St
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 $293,696 – $416,547, 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 $368,125 home should be assessed near $194,922.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,622 below what the ratio math suggests (24.4%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
This home's own bill implies $2.420 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 14 PICASSO CT | 2026-06 | $375,000 | 1,364 | 37.4% |
| 125 LIBERTA DR | 2025-12 | $322,000 | 1,440 | 39.4% |
| 11 SAN SALVADOR ST | 2026-06 | $345,000 | 1,440 | 39.1% |
| 154 BONAIRE DR | 2026-03 | $400,000 | 1,364 | 34.3% |
| 119 HYANNIS ST | 2025-09 | $262,000 | 1,364 | 47.7% |
| 23 SANTA FE CT | 2025-06 | $415,000 | 1,364 | 44.0% |
| 145 PORT ROYAL DR | 2025-04 | $335,000 | 1,440 | 41.0% |
| 59 PUERTO VALLARTA ST | 2026-06 | $250,000 | 1,440 | 51.8% |
| 18 MARQUIS ST | 2025-09 | $440,000 | 1,440 | 28.7% |
| 18 MARQUIS ST | 2025-06 | $220,000 | 1,440 | 57.4% |
| 60 BONAIRE DR | 2025-01 | $405,000 | 1,440 | 45.7% |
| 988 JAMAICA BLVD | 2025-10 | $380,000 | 1,440 | 35.3% |
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