The Fair Share Report

36 Ash St

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

≈ $417,490

Likely range $393,579 – $442,496, 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 $417,490 home should be assessed near $397,116.

Step 3 · Assessed value

$490,800

Set at the last town-wide revaluation and mostly frozen since. That's $93,684 above what the ratio math suggests (23.6%).

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 $1.615 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,925/yr
Public schools$5,141
Somerset County$1,446
Town of Bernards$1,338
Bernards average$14,733

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

Town median 94.1%
This home · 117.6%

80%130%

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 $1,580/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
436 MT AIRY RD2026-02$790,0001,41691.8%
49 ALEXANDRIA WAY2026-03$403,5001,00090.7%
23 ALEXANDRIA WAY2025-05$375,0001,00096.8%
195 ALEXANDRIA WAY2026-05$415,0001,00089.1%
106 JAMESTOWN RD2025-05$385,0001,00099.1%
63 COMMONWEALTH DR2025-01$409,0001,00089.5%
24 SPRING VALLEY BLVD2026-05$415,0001,050100.3%
231 ALEXANDRIA WAY2025-05$458,0001,05088.5%
130 SMITHFIELD CT2025-01$475,0001,05095.5%
27 POTOMAC DR2026-05$420,0001,00090.3%
7 POTOMAC DR2026-03$415,0001,00095.2%
103 POTOMAC DR2026-01$450,0001,00086.6%

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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 →