The Fair Share Report
355 Potomac Dr
Bernards, NJ 07730
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 $390,476 – $426,000, from 12 comparable Bernards sales in the past 18 months, at this home's 1,000 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 $415,000 home should be assessed near $394,748.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,548 below what the ratio math suggests (3.7%).
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 $1.574 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 |
|---|---|---|---|---|
| 195 ALEXANDRIA WAY | 2026-05 | $415,000 | 1,000 | 89.1% |
| 106 JAMESTOWN RD | 2025-05 | $385,000 | 1,000 | 99.1% |
| 63 COMMONWEALTH DR | 2025-01 | $409,000 | 1,000 | 89.5% |
| 49 ALEXANDRIA WAY | 2026-03 | $403,500 | 1,000 | 90.7% |
| 284 POTOMAC DR | 2025-06 | $426,000 | 1,000 | 91.4% |
| 23 ALEXANDRIA WAY | 2025-05 | $375,000 | 1,000 | 96.8% |
| 27 POTOMAC DR | 2026-05 | $420,000 | 1,000 | 90.3% |
| 7 POTOMAC DR | 2026-03 | $415,000 | 1,000 | 95.2% |
| 103 POTOMAC DR | 2026-01 | $450,000 | 1,000 | 86.6% |
| 37 POTOMAC DR | 2025-01 | $375,000 | 1,000 | 101.2% |
| 184 ALEXANDRIA WAY | 2026-06 | $479,000 | 1,050 | 89.3% |
| 28 COMMONWEALTH DR | 2026-05 | $450,000 | 1,050 | 92.4% |
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