The Fair Share Report

20 Ash St

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

≈ $465,429

Likely range $422,966 – $495,759, 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 $465,429 home should be assessed near $442,716.

Step 3 · Assessed value

$570,500

Set at the last town-wide revaluation and mostly frozen since. That's $127,784 above what the ratio math suggests (28.9%).

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 $1.554 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,864/yr
Public schools$5,750
Somerset County$1,617
Town of Bernards$1,497
Bernards average$14,733

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

Town median 94.1%
This home · 122.6%

80%140%

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 $2,156/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
117 W OAK ST2025-04$601,0001,29698.8%
212 W OAK ST2026-05$590,0001,32688.4%
131 COUNTRYSIDE DR2025-03$325,0001,12097.8%
24 SPRING VALLEY BLVD2026-05$415,0001,050100.3%
231 ALEXANDRIA WAY2025-05$458,0001,05088.5%
130 SMITHFIELD CT2025-01$475,0001,05095.5%
184 ALEXANDRIA WAY2026-06$479,0001,05089.3%
28 COMMONWEALTH DR2026-05$450,0001,05092.4%
58 SMITHFIELD CT2026-05$475,0001,05087.5%
46 SMITHFIELD CT2026-04$425,0001,05093.3%
171 JAMESTOWN RD2026-03$410,0001,05097.3%
20 ALEXANDRIA WAY2026-03$420,0001,05095.6%

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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 →