The Fair Share Report
342 Potomac Dr
Bernards, NJ 07052
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 $295,000 – $334,900, from 12 comparable Bernards sales in the past 18 months, at this home's 750 sq ft.
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 $314,000 home should be assessed near $298,677.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,877 below what the ratio math suggests (2.0%).
Step 4 · The tax rate — same for every Bernards home
$1.095 Schools · 65% $0.308 County · 18% $0.285 Town · 17%
This home's own bill implies $1.577 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bernards sale · assessed ÷ market
80%105%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 344 POTOMAC DR | 2026-02 | $334,900 | 750 | 93.4% |
| 333 POTOMAC DR | 2025-06 | $295,000 | 750 | 96.3% |
| 136 JAMESTOWN RD | 2025-04 | $330,000 | 750 | 96.6% |
| 272 POTOMAC DR | 2026-03 | $309,900 | 750 | 93.1% |
| 13 POTOMAC DR | 2026-02 | $340,000 | 750 | 91.9% |
| 95 JAMESTOWN RD | 2026-01 | $300,000 | 750 | 98.3% |
| 91 JAMESTOWN RD | 2025-04 | $314,000 | 750 | 96.6% |
| 164 POTOMAC DR | 2026-05 | $380,000 | 750 | 81.7% |
| 164 POTOMAC DR | 2025-03 | $366,000 | 750 | 84.8% |
| 229 POTOMAC DR | 2025-01 | $315,500 | 750 | 91.1% |
| 1 POTOMAC DR | 2026-02 | $310,000 | 850 | 100.8% |
| 30 COUNTRYSIDE DR | 2026-05 | $325,000 | 856 | 84.7% |
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