The Fair Share Report
5 Preston 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 $259,297 – $382,904, 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 $321,689 home should be assessed near $170,334.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,934 below what the ratio math suggests (29.9%).
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 $2.171 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
26%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 |
|---|---|---|---|---|
| 2108 CENTRAL AVE 10 | 2025-08 | $649,000 | 1,225 | 42.9% |
| 3 MUIRHEAD ST | 2025-10 | $270,000 | 1,232 | 46.0% |
| 8 LA TERRAZA DR | 2025-10 | $250,000 | 1,232 | 48.1% |
| 2 SABINAS ST | 2026-03 | $275,000 | 1,232 | 42.9% |
| 38 WOODSTOCK DR | 2026-01 | $273,000 | 1,232 | 56.1% |
| 1 DAWN WAY | 2026-01 | $240,000 | 1,232 | 62.4% |
| 32 PARADISE BLVD | 2025-08 | $330,000 | 1,232 | 40.1% |
| 34 CHESTERFIELD LN | 2025-03 | $323,000 | 1,232 | 47.2% |
| 15 LA CASTA CT | 2025-04 | $292,000 | 1,232 | 41.2% |
| 28 BAHAMIA DR | 2025-09 | $400,000 | 1,232 | 30.9% |
| 25 DAVENPORT RD W | 2025-12 | $350,000 | 1,232 | 34.2% |
| 1 LAGOS CT | 2026-01 | $375,000 | 1,232 | 34.7% |
Is this your house?
Run your own report →