The Fair Share Report

47 Eldorado St

Berkeley, NJ 08757

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Berkeley's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $296,104

Likely range $237,771 – $336,937, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

52.95%

The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $296,104 home should be assessed near $156,787.

Step 3 · Assessed value

$117,600

Set at the last town-wide revaluation and mostly frozen since. That's $39,187 below what the ratio math suggests (25.0%).

Step 4 · The tax rate — same for every Berkeley home

$2.590 per $100 assessed

$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%

This home's own bill implies $2.377 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$2,796/yr
Public schools$1,309
Ocean County$628
Town of Berkeley$858
Berkeley average$5,442

This home vs. every recent Berkeley sale · assessed ÷ market

Town median 46.3%
This home · 39.7%

29%68%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
260 PORT ROYAL DR2026-06$212,5001,23256.2%
47 HYANNIS ST2026-01$310,0001,23237.9%
200 PORT ROYAL DR2025-09$250,0001,23249.5%
295 PORT ROYAL DR2025-09$245,0001,23234.7%
14 VALENCIA ST2025-08$305,5001,23241.1%
214 BONAIRE DR2025-08$300,0001,23238.7%
172 BONAIRE DR2025-07$349,9001,23234.4%
239 BONAIRE DR2025-06$345,5001,23235.8%
165 LIBERTA DR2025-04$300,0001,23239.1%
184 BONAIRE DR2025-03$220,0001,23283.5%
16 MIRADOR CT2026-04$335,0001,23246.3%
170 PORT ROYAL DR2026-01$250,0001,23249.7%

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