The Fair Share Report

273 Mountain 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

≈ $1,787,220

Likely range $1,369,595 – $2,002,549, 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 $1,787,220 home should be assessed near $1,700,004.

Step 3 · Assessed value

$1,658,700

Set at the last town-wide revaluation and mostly frozen since. That's $41,304 below what the ratio math suggests (2.4%).

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 $1.579 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$26,188/yr
Public schools$16,988
Somerset County$4,778
Town of Bernards$4,421
Bernards average$14,733

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

Town median 94.1%
This home · 92.8%

77%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
380 WHITENACK RD2025-05$1,390,0004,497101.2%
205 DOUGLAS RD2025-05$1,627,0003,96695.7%
64 MORGAN LN2025-02$1,535,0004,56995.8%
321 SOMERVILLE RD2025-05$1,868,5004,22095.6%
58 MORGAN LN2026-02$1,495,0004,67596.7%
23 GALLOPING HILL RD2026-05$2,550,0004,30968.2%
15 RIVERSIDE DR2025-06$1,851,0004,28194.5%
108 EMILY RD2025-06$2,550,0005,51289.5%
105 ANNIN RD2026-03$2,400,0004,19373.1%
35 PRIMROSE LN2026-01$2,772,0005,66886.2%
10 OWENS CT2025-05$1,950,0004,64893.5%
54 BERTA PL2026-05$2,524,0004,28382.2%

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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 →