The Fair Share Report
503 Riverside Dr
Berkeley, NJ 08844
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 $613,522 – $796,048, 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 $751,901 home should be assessed near $398,132.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,168 above what the ratio math suggests (16.6%).
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%81%
A touch high — worth watching
This home's ratio sits above most of Berkeley, but doesn't clear NJ's legal appeal line (60.89%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 185 HARBOR INN RD | 2025-10 | $760,000 | 2,876 | 47.5% |
| 525 VANDERBILT AVE | 2025-02 | $575,000 | 2,691 | 60.2% |
| 241 TWENTY-THIRD AVE | 2025-07 | $1,298,000 | 3,074 | 50.1% |
| 101 CHELSEA AVE | 2025-11 | $549,900 | 2,748 | 54.6% |
| 52 CRANMER RD | 2025-07 | $525,000 | 2,592 | 55.3% |
| 24 BUCKLEY LN | 2025-05 | $785,000 | 2,955 | 53.5% |
| 5 OVERLOOK CT | 2025-10 | $760,000 | 3,003 | 48.1% |
| 570 FOREST HILLS PKWY | 2025-09 | $584,900 | 3,026 | 57.8% |
| 16 COLTON CT | 2025-06 | $750,000 | 2,914 | 53.7% |
| 1 PADDOCK CT | 2026-03 | $832,500 | 2,911 | 53.8% |
| 46 TIMBERLINE RD | 2025-08 | $637,000 | 2,906 | 59.1% |
| 175 SOUTHERN BLVD | 2025-09 | $715,000 | 2,896 | 52.0% |
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