The Fair Share Report
5 Cobham 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 $273,005 – $416,718, 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 $302,982 home should be assessed near $160,429.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,129 below what the ratio math suggests (10.1%).
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 |
|---|---|---|---|---|
| 12 ELY CT | 2025-09 | $292,000 | 1,366 | 41.4% |
| 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% |
| 6 COVENTRY RD | 2025-09 | $240,000 | 1,340 | 47.3% |
| 4 ROMAN ST | 2025-03 | $385,000 | 1,328 | 44.6% |
| 33 PIROGUE ST | 2026-03 | $255,000 | 1,364 | 47.0% |
| 111 LANGLEY CT | 2025-07 | $409,000 | 1,318 | 31.8% |
| 143 WESTBROOK DR | 2025-06 | $290,000 | 1,318 | 39.9% |
| 2 SEVILLE PL | 2026-02 | $300,000 | 1,364 | 40.5% |
| 65 NORTHUMBERLAND DR | 2026-04 | $350,000 | 1,318 | 34.9% |
| 41 ETON RD | 2025-07 | $343,500 | 1,338 | 35.2% |
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