The Fair Share Report
55 Gorginio Dr
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 $243,356 – $404,998, 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 $302,530 home should be assessed near $160,190.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,290 below what the ratio math suggests (18.3%).
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 $2.208 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
27%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 |
|---|---|---|---|---|
| OCEAN & 22ND AVE | 2025-01 | $915,000 | 1,263 | 57.5% |
| 8 MERRILEE LN | 2026-04 | $310,000 | 1,328 | 51.1% |
| 25 CANTERBURY LN | 2025-03 | $310,000 | 1,328 | 74.2% |
| 5 ST ANDREWS CT | 2025-04 | $240,000 | 1,232 | 52.1% |
| 1 ALBONITO DR | 2025-12 | $250,000 | 1,328 | 50.0% |
| 24 INNSBRUCK DR | 2025-08 | $410,000 | 1,264 | 43.5% |
| 15 COBORCA WAY | 2025-03 | $310,000 | 1,232 | 41.2% |
| 24 SELKIRK AVE | 2025-09 | $340,000 | 1,364 | 37.1% |
| 94 HYANNIS ST | 2025-02 | $220,000 | 1,328 | 81.6% |
| 26 SELKIRK AVE | 2025-04 | $370,000 | 1,232 | 49.5% |
| 2108 CENTRAL AVE 10 | 2025-08 | $649,000 | 1,225 | 42.9% |
| 18 MORONGO CT | 2025-06 | $255,000 | 1,232 | 65.5% |
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