The Fair Share Report

30 William St

Bernards, NJ 07054

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

≈ $559,722

Likely range $493,249 – $649,076, 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 $559,722 home should be assessed near $532,408.

Step 3 · Assessed value

$733,800

Set at the last town-wide revaluation and mostly frozen since. That's $201,392 above what the ratio math suggests (37.8%).

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 $1.665 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$12,218/yr
Public schools$7,926
Somerset County$2,229
Town of Bernards$2,063
Bernards average$14,733

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

Town median 94.1%
This home · 131.1%

80%154%

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 $3,397/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
494 KING GEORGE RD2026-05$570,0001,57295.9%
212 W OAK ST2026-05$590,0001,32688.4%
19 S ALWARD AVE2025-04$810,0001,66093.7%
87 COUNTRYSIDE DR2025-05$505,0001,55696.3%
10 COUNTRYSIDE DR2025-05$495,0001,53494.2%
110 VILLAGE DR2026-05$554,0001,57887.7%
3 VILLAGE DR2026-05$550,0001,57894.4%
22 DAYTON ST2026-01$669,0001,61490.6%
22 DAYTON ST2025-03$645,0001,61494.0%
67 WOODWARD LN2026-02$492,0001,59698.8%
408 PENNS WAY2025-06$517,5001,59691.5%
10 VALLEY VIEW DR2025-03$565,0001,66495.8%

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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 →