The Fair Share Report
2902 Hemlock 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $485,348 – $564,496, from 12 comparable Bernards sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Bernards assessments sit below market value — republished every October, applied town-wide. A $545,836 home should be assessed near $519,199.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,499 below what the ratio math suggests (19.0%).
Step 4 · The tax rate — same for every Bernards home
$1.095 Schools · 65% $0.308 County · 18% $0.285 Town · 17%
Step 5 · The bill
This home vs. every recent Bernards sale · assessed ÷ market
69%105%
Keep quiet and enjoy it
This home's assessment ratio sits below the Bernards pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 227 ARROWOOD WAY | 2026-02 | $530,000 | 1,388 | 94.7% |
| 232 ARROWOOD WAY | 2025-04 | $550,000 | 1,388 | 95.7% |
| 230 ARROWOOD WAY | 2026-06 | $615,000 | 1,357 | 90.1% |
| 217 ARROWOOD WAY | 2025-03 | $551,000 | 1,357 | 97.0% |
| 55 SYCAMORE CT | 2026-05 | $520,000 | 1,388 | 100.5% |
| 59 SYCAMORE CT | 2026-05 | $549,000 | 1,388 | 97.7% |
| 88 SYCAMORE CT | 2026-05 | $565,000 | 1,388 | 95.7% |
| 40 CHESTNUT CT | 2026-04 | $572,000 | 1,388 | 84.8% |
| 85 SYCAMORE CT | 2026-04 | $586,500 | 1,357 | 97.2% |
| 3106 HEMLOCK PL | 2025-04 | $405,000 | 1,313 | 99.9% |
| 26 WOODWARD LN | 2026-04 | $500,000 | 1,396 | 100.3% |
| 334 ENGLISH PL | 2025-03 | $565,000 | 1,396 | 90.0% |
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