The Fair Share Report

237 Potomac Dr

Bernards, NJ 07733

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

≈ $314,000

Likely range $295,000 – $340,000, from 12 comparable Bernards sales in the past 18 months, at this home's 750 sq ft.

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 $314,000 home should be assessed near $298,677.

Step 3 · Assessed value

$303,100

Set at the last town-wide revaluation and mostly frozen since. That's $4,423 above what the ratio math suggests (1.5%).

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 $1.580 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$4,789/yr
Public schools$3,107
Somerset County$874
Town of Bernards$809
Bernards average$14,733

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

Town median 94.1%
This home · 96.5%

80%108%

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
164 POTOMAC DR2026-05$380,00075081.7%
164 POTOMAC DR2025-03$366,00075084.8%
229 POTOMAC DR2025-01$315,50075091.1%
272 POTOMAC DR2026-03$309,90075093.1%
13 POTOMAC DR2026-02$340,00075091.9%
344 POTOMAC DR2026-02$334,90075093.4%
333 POTOMAC DR2025-06$295,00075096.3%
136 JAMESTOWN RD2025-04$330,00075096.6%
95 JAMESTOWN RD2026-01$300,00075098.3%
91 JAMESTOWN RD2025-04$314,00075096.6%
1 POTOMAC DR2026-02$310,000850100.8%
30 COUNTRYSIDE DR2026-05$325,00085684.7%

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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 →