The Fair Share Report

18 Brookside Ave

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

≈ $592,515

Likely range $483,388 – $638,109, 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 $592,515 home should be assessed near $563,600.

Step 3 · Assessed value

$645,700

Set at the last town-wide revaluation and mostly frozen since. That's $82,100 above what the ratio math suggests (14.6%).

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 $1.579 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,194/yr
Public schools$6,613
Somerset County$1,860
Town of Bernards$1,721
Bernards average$14,733

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

Town median 94.1%
This home · 109.0%

80%139%

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 $1,385/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
506 LYONS RD2026-05$688,3001,64893.1%
10 COUNTRYSIDE DR2025-05$495,0001,53494.2%
87 COUNTRYSIDE DR2025-05$505,0001,55696.3%
22 DAYTON ST2026-01$669,0001,61490.6%
22 DAYTON ST2025-03$645,0001,61494.0%
3 VILLAGE DR2026-05$550,0001,57894.4%
110 VILLAGE DR2026-05$554,0001,57887.7%
19 CLARK CT2026-02$611,0001,498101.5%
67 WOODWARD LN2026-02$492,0001,59698.8%
408 PENNS WAY2025-06$517,5001,59691.5%
45 ARBOR CIR2025-01$550,0001,62694.8%
63 ASPEN DR2025-06$555,5551,44397.7%

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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 →