The Fair Share Report

151 Irving Pl

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.

Step 1 · Market value

≈ $535,042

Likely range $487,081 – $595,684, from 12 comparable Bernards sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

95.12%

The state's official measure of how far Bernards assessments sit below market value — republished every October, applied town-wide. A $535,042 home should be assessed near $508,932.

Step 3 · Assessed value

$490,300

Set at the last town-wide revaluation and mostly frozen since. That's $18,632 below what the ratio math suggests (3.7%).

Step 4 · The tax rate — same for every Bernards home

$1.687 per $100 assessed

$1.095 Schools · 65% $0.308 County · 18% $0.285 Town · 17%

This home's own bill implies $1.620 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,944/yr
Public schools$5,153
Somerset County$1,449
Town of Bernards$1,341
Bernards average$14,733

This home vs. every recent Bernards sale · assessed ÷ market

Town median 94.1%
This home · 91.6%

77%106%

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)

AddressSoldPriceSq ftRatio
10 COUNTRYSIDE DR2025-05$495,0001,53494.2%
3 VILLAGE DR2026-05$550,0001,57894.4%
110 VILLAGE DR2026-05$554,0001,57887.7%
87 COUNTRYSIDE DR2025-05$505,0001,55696.3%
67 WOODWARD LN2026-02$492,0001,59698.8%
408 PENNS WAY2025-06$517,5001,59691.5%
51 CONKLING ST2025-04$650,0001,45699.9%
51 CONKLING ST2025-01$570,9001,456113.8%
63 ASPEN DR2025-06$555,5551,44397.7%
62 ASPEN DR2025-04$592,0001,44385.4%
471 PENNS WAY2025-03$598,0001,65691.6%
254 PENNS WAY2026-04$500,0001,40093.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →