The Fair Share Report

22 Walnut Cir

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

≈ $1,311,563

Likely range $1,173,491 – $1,574,883, 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 $1,311,563 home should be assessed near $1,247,559.

Step 3 · Assessed value

$1,472,900

Set at the last town-wide revaluation and mostly frozen since. That's $225,341 above what the ratio math suggests (18.1%).

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 $1.592 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$23,441/yr
Public schools$15,206
Somerset County$4,277
Town of Bernards$3,958
Bernards average$14,733

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

Town median 94.1%
This home · 112.3%

80%131%

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
59 MANOR DR2026-05$1,550,9993,52785.5%
28 LAFAYETTE LN2026-04$1,360,0003,62291.5%
10 LAFAYETTE LN2025-02$999,0003,39099.6%
209 LAKE RD2026-05$1,350,0003,61783.3%
36 DEBRA LN2026-05$1,302,0003,24177.8%
126 WOODS END2025-04$1,675,0003,54592.6%
33 JUNIPER WAY2026-04$1,400,0003,36296.4%
18 VAN DORN RD2025-06$980,0002,888100.2%
56 TUXFORD TER2026-06$1,125,0002,80797.5%
12 WAYNE TER2026-05$1,375,0004,023104.0%
92 SHANNON HILL RD2026-05$1,850,0003,33674.7%
70 SPRING HOUSE LN2025-04$1,540,0003,22793.1%

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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 →