The Fair Share Report
16 Lee 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $369,600 – $398,400, from 12 comparable Bernards sales in the past 18 months, at this home's 960 sq ft.
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 $384,000 home should be assessed near $365,261.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $140,139 above what the ratio math suggests (38.4%).
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 $1.418 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%142%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,364/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 34 JAMESTOWN RD | 2025-04 | $375,000 | 950 | 92.4% |
| 80 JAMESTOWN RD | 2025-01 | $365,000 | 950 | 103.5% |
| 14 SMITHFIELD CT | 2025-06 | $395,000 | 950 | 90.6% |
| 22 ALEXANDRIA WAY | 2025-04 | $425,000 | 950 | 95.4% |
| 49 ALEXANDRIA WAY | 2026-03 | $403,500 | 1,000 | 90.7% |
| 23 ALEXANDRIA WAY | 2025-05 | $375,000 | 1,000 | 96.8% |
| 17 COUNTRYSIDE DR | 2025-04 | $360,000 | 892 | 77.3% |
| 32 COUNTRYSIDE DR | 2025-03 | $290,000 | 892 | 99.8% |
| 195 ALEXANDRIA WAY | 2026-05 | $415,000 | 1,000 | 89.1% |
| 106 JAMESTOWN RD | 2025-05 | $385,000 | 1,000 | 99.1% |
| 63 COMMONWEALTH DR | 2025-01 | $409,000 | 1,000 | 89.5% |
| 78 POTOMAC DR | 2026-04 | $380,000 | 950 | 96.1% |
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