The Fair Share Report
55 Eldorado 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 $264,043 – $458,854, from 12 comparable Berkeley sales in the past 18 months, at this home's 1,650 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 $420,606 home should be assessed near $222,711.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,911 below what the ratio math suggests (4.9%).
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%86%
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 |
|---|---|---|---|---|
| 66 LIBERTA DR | 2025-12 | $409,900 | 1,608 | 53.3% |
| 7 BEDFORD CT | 2026-04 | $305,000 | 1,648 | 42.8% |
| 12 NELSON CT | 2026-01 | $420,000 | 1,580 | 44.4% |
| 4 PEBBLE BEACH CT | 2026-06 | $255,000 | 1,712 | 48.4% |
| 4 PEBBLE BEACH CT | 2026-04 | $175,000 | 1,712 | 70.6% |
| 82 SCOTT CT | 2026-04 | $530,000 | 1,604 | 44.2% |
| 13 CANARIES CT | 2025-08 | $490,000 | 1,762 | 34.4% |
| 23 PORT ROYAL DR | 2025-10 | $365,000 | 1,592 | 56.0% |
| 16 MERRILEE LN | 2025-11 | $393,000 | 1,652 | 42.8% |
| 10 SEVILLE PL | 2026-05 | $245,000 | 1,531 | 53.0% |
| 228 SANDLEWOOD DR | 2025-08 | $575,000 | 1,620 | 60.3% |
| 24 BIABOU DR | 2025-11 | $215,000 | 1,552 | 59.0% |
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