The Fair Share Report
15 Cherry Ln
Bernards, NJ 07920
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 $859,636 – $1,255,129, from 12 comparable Bernards 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 Bernards assessments sit below market value — republished every October, applied town-wide. A $1,026,996 home should be assessed near $976,879.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $136,121 above what the ratio math suggests (13.9%).
Step 4 · The tax rate — same for every Bernards home
$1.095 Schools · 65% $0.308 County · 18% $0.285 Town · 17%
This home's own bill implies $1.591 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bernards sale · assessed ÷ market
80%135%
Paying about right
This home's ratio lands inside Bernards'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 |
|---|---|---|---|---|
| 134 SPENCER RD | 2026-05 | $1,100,000 | 2,582 | 85.8% |
| 81 ATLAS RD | 2026-05 | $1,230,000 | 2,455 | 90.1% |
| 47 FIELDSTONE DR | 2025-04 | $1,355,000 | 2,436 | 85.2% |
| 9 PALMERSTON PL | 2025-04 | $1,100,000 | 2,590 | 107.2% |
| 257 LYONS RD | 2025-02 | $925,000 | 2,600 | 97.8% |
| 1273 MT AIRY RD | 2025-04 | $970,000 | 2,756 | 95.8% |
| 27 WOODSTONE RD | 2026-03 | $1,370,000 | 2,532 | 81.3% |
| 4 VAN DORN RD | 2025-01 | $920,000 | 2,184 | 96.2% |
| 115 BERKELEY CIR | 2026-05 | $1,275,000 | 2,454 | 88.6% |
| 56 TUXFORD TER | 2026-06 | $1,125,000 | 2,807 | 97.5% |
| 18 VAN DORN RD | 2025-06 | $980,000 | 2,888 | 100.2% |
| 101 WEXFORD WAY | 2026-06 | $1,024,000 | 2,516 | 90.8% |
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