The Fair Share Report

30 Long 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

≈ $463,109

Likely range $439,692 – $533,728, 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 $463,109 home should be assessed near $440,509.

Step 3 · Assessed value

$603,200

Set at the last town-wide revaluation and mostly frozen since. That's $162,691 above what the ratio math suggests (36.9%).

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 $1.562 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,424/yr
Public schools$6,113
Somerset County$1,720
Town of Bernards$1,591
Bernards average$14,733

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

Town median 94.1%
This home · 130.3%

80%143%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,745/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
2405 PRIVET WAY2026-02$450,0001,31391.0%
2305 PRIVET WAY2026-01$405,0001,31398.8%
2206 PRIVET WAY2025-02$465,0001,31396.2%
317 S FINLEY AVE2026-06$740,3171,45291.4%
85 SYCAMORE CT2026-04$586,5001,35797.2%
3106 HEMLOCK PL2025-04$405,0001,31399.9%
26 WOODWARD LN2026-04$500,0001,396100.3%
334 ENGLISH PL2025-03$565,0001,39690.0%
254 PENNS WAY2026-04$500,0001,40093.0%
267 ENGLISH PL2026-02$480,0001,40099.4%
265 PENNS WAY2025-02$450,0001,400114.0%
48 COMMONWEALTH DR2026-01$457,5001,20099.2%

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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 →