The Fair Share Report

3 Sunset Ln

Bernards, NJ 07060

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

≈ $553,220

Likely range $448,708 – $636,923, 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 $553,220 home should be assessed near $526,223.

Step 3 · Assessed value

$520,200

Set at the last town-wide revaluation and mostly frozen since. That's $6,023 below what the ratio math suggests (1.1%).

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 $1.555 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,087/yr
Public schools$5,246
Somerset County$1,476
Town of Bernards$1,365
Bernards average$14,733

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

Town median 94.1%
This home · 94.0%

76%121%

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
436 MT AIRY RD2026-02$790,0001,41691.8%
494 KING GEORGE RD2026-05$570,0001,57295.9%
212 W OAK ST2026-05$590,0001,32688.4%
117 W OAK ST2025-04$601,0001,29698.8%
317 S FINLEY AVE2026-06$740,3171,45291.4%
77 WOODSTONE RD2026-04$850,0001,61888.4%
10 NANCY LN2025-04$650,0001,79293.8%
19 S ALWARD AVE2025-04$810,0001,66093.7%
2405 PRIVET WAY2026-02$450,0001,31391.0%
2305 PRIVET WAY2026-01$405,0001,31398.8%
3106 HEMLOCK PL2025-04$405,0001,31399.9%
2206 PRIVET WAY2025-02$465,0001,31396.2%

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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 →