The Fair Share Report

268 Lyons Rd

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

≈ $894,725

Likely range $731,594 – $1,007,553, 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 $894,725 home should be assessed near $851,062.

Step 3 · Assessed value

$886,400

Set at the last town-wide revaluation and mostly frozen since. That's $35,338 above what the ratio math suggests (4.2%).

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 $1.538 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$13,636/yr
Public schools$8,845
Somerset County$2,488
Town of Bernards$2,302
Bernards average$14,733

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

Town median 94.1%
This home · 99.1%

80%127%

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
4 VAN DORN RD2025-01$920,0002,18496.2%
81 ATLAS RD2026-05$1,230,0002,45590.1%
247 LYONS RD2026-03$920,0001,97293.0%
3 FAIRBANKS LN2025-02$695,0002,09690.3%
14 BRADFORD LN2026-04$935,0002,10888.5%
9 DEERFIELD CT2025-05$870,0002,10895.2%
47 FIELDSTONE DR2025-04$1,355,0002,43685.2%
47 DEXTER DR N2026-06$900,0002,10881.8%
54 DEXTER DR N2025-06$880,0002,10896.4%
20 DEXTER DR S2025-04$630,0002,108101.4%
8 BEECHWOOD RD2026-06$1,000,0002,06077.0%
257 LYONS RD2025-02$925,0002,60097.8%

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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 →