The Fair Share Report

3 Post Ter

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

≈ $930,095

Likely range $768,877 – $998,282, 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 $930,095 home should be assessed near $884,706.

Step 3 · Assessed value

$971,700

Set at the last town-wide revaluation and mostly frozen since. That's $86,994 above what the ratio math suggests (9.8%).

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

$15,342/yr
Public schools$9,952
Somerset County$2,799
Town of Bernards$2,590
Bernards average$14,733

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

Town median 94.1%
This home · 104.5%

80%132%

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
4 VAN DORN RD2025-01$920,0002,18496.2%
257 LYONS RD2025-02$925,0002,60097.8%
81 ATLAS RD2026-05$1,230,0002,45590.1%
9 PALMERSTON PL2025-04$1,100,0002,590107.2%
47 FIELDSTONE DR2025-04$1,355,0002,43685.2%
16 RIGGS CT2026-05$850,0002,18982.5%
31 ROBERTS CIR2025-04$725,0002,18992.5%
29 ROBERTS CIR2025-03$735,0002,18995.0%
101 WEXFORD WAY2026-06$1,024,0002,51690.8%
247 LYONS RD2026-03$920,0001,97293.0%
3 FAIRBANKS LN2025-02$695,0002,09690.3%
14 BRADFORD LN2026-04$935,0002,10888.5%

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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 →