The Fair Share Report
5 Olympic 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 $283,348 – $432,280, 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 $385,000 home should be assessed near $203,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,958 below what the ratio math suggests (24.0%).
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
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 |
|---|---|---|---|---|
| 70 INNSBRUCK DR | 2025-11 | $295,000 | 1,440 | 45.7% |
| 11 PEBBLE BEACH CT | 2025-04 | $345,000 | 1,440 | 40.9% |
| 5 RODHOS ST | 2026-03 | $425,000 | 1,440 | 49.1% |
| 119 EDGEWATER CT | 2026-04 | $315,000 | 1,404 | 48.3% |
| 10 POINT BLANCHE CT | 2026-05 | $472,500 | 1,440 | 41.8% |
| 4 FLAMINGO WAY | 2025-08 | $299,000 | 1,440 | 44.9% |
| 26 CABRILLO BLVD | 2026-04 | $400,000 | 1,440 | 33.6% |
| 130 RODHOS ST | 2026-01 | $280,000 | 1,440 | 50.9% |
| 46 ENCINITAS DR | 2025-10 | $430,000 | 1,440 | 30.9% |
| 12 LONGPORT AVE | 2025-11 | $715,000 | 1,452 | 49.0% |
| 8 SHANNON CT | 2025-05 | $410,000 | 1,440 | 44.2% |
| 12 TOGO RD | 2025-08 | $385,000 | 1,440 | 50.1% |
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