The Fair Share Report

25 Lyons 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.

Step 1 · Market value

≈ $2,530,863

Likely range $2,095,927 – $2,804,020, 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 $2,530,863 home should be assessed near $2,407,357.

Step 3 · Assessed value

$2,309,400

Set at the last town-wide revaluation and mostly frozen since. That's $97,957 below what the ratio math suggests (4.1%).

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 $1.622 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$37,457/yr
Public schools$24,298
Somerset County$6,835
Town of Bernards$6,324
Bernards average$14,733

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

Town median 94.1%
This home · 91.2%

77%116%

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
62 CANOE BROOK LN2026-03$2,700,0006,39583.7%
35 PRIMROSE LN2026-01$2,772,0005,66886.2%
72 WISTERIA WAY2025-06$3,400,0007,36893.7%
70 RIDGEVIEW DR2026-06$2,500,0005,99296.9%
161 CULBERSON RD2025-02$3,500,0006,94891.5%
48 WISTERIA WAY2026-05$3,050,0006,81988.5%
108 EMILY RD2025-06$2,550,0005,51289.5%
45 BUTTERNUT LN2026-03$2,140,0006,26393.9%
380 WHITENACK RD2025-05$1,390,0004,497101.2%
58 MORGAN LN2026-02$1,495,0004,67596.7%
64 MORGAN LN2025-02$1,535,0004,56995.8%
234 LIBERTY CORNER RD2026-01$2,950,0006,55087.6%

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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 →