The Fair Share Report
5 Rio 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 $222,953 – $282,912, from 12 comparable Berkeley sales in the past 18 months, at this home's 857 sq ft.
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 $259,978 home should be assessed near $137,658.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,058 below what the ratio math suggests (3.7%).
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 |
|---|---|---|---|---|
| 40 PIROGUE ST | 2026-02 | $220,000 | 757 | 42.7% |
| 55 HYANNIS ST | 2026-04 | $270,625 | 757 | 32.5% |
| KINGS GATE CONDO C5 | 2025-10 | $801,000 | 910 | 44.8% |
| 265 CHARLOTTEVILLE DR N | 2026-04 | $230,000 | 757 | 38.8% |
| 271 HARRINGTON DR NORTH | 2025-11 | $246,900 | 757 | 38.8% |
| 937 EDGEBROOK DR NORTH | 2026-01 | $170,000 | 816 | 59.1% |
| 101 BONAIRE DR | 2025-08 | $249,900 | 757 | 35.2% |
| 150 TORREY PINES DR | 2025-06 | $232,000 | 757 | 39.5% |
| 103 TWENTY-THIRD AVE #3 | 2025-08 | $594,000 | 796 | 53.0% |
| 57 ETON RD | 2026-04 | $280,000 | 971 | 36.1% |
| 3 CALDWELL DR | 2026-03 | $279,000 | 971 | 46.3% |
| 18 BOLINGBROKE DR | 2025-01 | $235,000 | 971 | 62.7% |
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