The Fair Share Report
151 Lyons Rd
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 $488,514 – $735,668, 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 $549,396 home should be assessed near $522,585.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,515 above what the ratio math suggests (21.9%).
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 $1.578 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%136%
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 |
|---|---|---|---|---|
| 317 S FINLEY AVE | 2026-06 | $740,317 | 1,452 | 91.4% |
| 436 MT AIRY RD | 2026-02 | $790,000 | 1,416 | 91.8% |
| 77 WOODSTONE RD | 2026-04 | $850,000 | 1,618 | 88.4% |
| 180 SOMERVILLE RD | 2025-03 | $449,000 | — | 99.7% |
| 494 KING GEORGE RD | 2026-05 | $570,000 | 1,572 | 95.9% |
| 26 WOODWARD LN | 2026-04 | $500,000 | 1,396 | 100.3% |
| 334 ENGLISH PL | 2025-03 | $565,000 | 1,396 | 90.0% |
| 254 PENNS WAY | 2026-04 | $500,000 | 1,400 | 93.0% |
| 267 ENGLISH PL | 2026-02 | $480,000 | 1,400 | 99.4% |
| 265 PENNS WAY | 2025-02 | $450,000 | 1,400 | 114.0% |
| 63 ASPEN DR | 2025-06 | $555,555 | 1,443 | 97.7% |
| 62 ASPEN DR | 2025-04 | $592,000 | 1,443 | 85.4% |
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