The Fair Share Report

40 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

≈ $1,247,966

Likely range $1,124,348 – $1,385,158, from 12 comparable Bernards sales in the past 18 months, at this home's 3,448 sq ft.

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 $1,247,966 home should be assessed near $1,187,065.

Step 3 · Assessed value

$888,700

Set at the last town-wide revaluation and mostly frozen since. That's $298,365 below what the ratio math suggests (25.1%).

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%

Step 5 · The bill

$16,374/yr
Public schools$10,622
Somerset County$2,988
Town of Bernards$2,765
Bernards average$14,733

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

Town median 94.1%
This home · 71.2%

59%105%

Keep quiet and enjoy it

This home's assessment ratio sits below the Bernards pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
142 ANNIN RD2025-01$1,105,0003,05396.7%
92 WHITENACK RD2026-01$944,9712,51695.5%
205 DOUGLAS RD2025-05$1,627,0003,96695.7%
46 DEXTER DR N2025-03$880,0002,75895.1%
321 SOMERVILLE RD2025-05$1,868,5004,22095.6%
173 W OAK ST2026-03$1,200,0003,68088.5%
36 DEBRA LN2026-05$1,302,0003,24177.8%
209 LAKE RD2026-05$1,350,0003,61783.3%
6 DOGWOOD WAY2026-01$925,0002,95081.6%
59 MANOR DR2026-05$1,550,9993,52785.5%
10 LAFAYETTE LN2025-02$999,0003,39099.6%
28 LAFAYETTE LN2026-04$1,360,0003,62291.5%

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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 →