The Fair Share Report

28 Lee 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

≈ $560,560

Likely range $499,200 – $593,869, from 12 comparable Bernards sales in the past 18 months, at this home's 1,456 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 $560,560 home should be assessed near $533,205.

Step 3 · Assessed value

$588,600

Set at the last town-wide revaluation and mostly frozen since. That's $55,395 above what the ratio math suggests (10.4%).

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 $1.644 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,674/yr
Public schools$6,275
Somerset County$1,765
Town of Bernards$1,633
Bernards average$14,733

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

Town median 94.1%
This home · 105.0%

80%123%

A touch high — worth watching

This home's ratio sits above most of Bernards, but doesn't clear NJ's legal appeal line (100.00%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
63 ASPEN DR2025-06$555,5551,44397.7%
62 ASPEN DR2025-04$592,0001,44385.4%
51 CONKLING ST2025-04$650,0001,45699.9%
51 CONKLING ST2025-01$570,9001,456113.8%
117 W OAK ST2025-04$601,0001,29698.8%
10 COUNTRYSIDE DR2025-05$495,0001,53494.2%
254 PENNS WAY2026-04$500,0001,40093.0%
267 ENGLISH PL2026-02$480,0001,40099.4%
265 PENNS WAY2025-02$450,0001,400114.0%
87 COUNTRYSIDE DR2025-05$505,0001,55696.3%
26 WOODWARD LN2026-04$500,0001,396100.3%
334 ENGLISH PL2025-03$565,0001,39690.0%

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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 →