The Fair Share Report
41 Chestnut Ct
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $502,816 – $586,118, from 12 comparable Bernards sales in the past 18 months (home size estimated from assessor data — range widened).
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 $561,162 home should be assessed near $533,777.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,923 above what the ratio math suggests (3.4%).
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 $1.630 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%115%
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 |
|---|---|---|---|---|
| 471 PENNS WAY | 2025-03 | $598,000 | 1,656 | 91.6% |
| 26 HAMPTON CT | 2026-03 | $857,500 | 1,680 | 87.9% |
| 10 VALLEY VIEW DR | 2025-03 | $565,000 | 1,664 | 95.8% |
| 15 DEXTER DR N | 2026-02 | $900,000 | 1,684 | 82.5% |
| 67 WOODWARD LN | 2026-02 | $492,000 | 1,596 | 98.8% |
| 408 PENNS WAY | 2025-06 | $517,500 | 1,596 | 91.5% |
| 45 ARBOR CIR | 2025-01 | $550,000 | 1,626 | 94.8% |
| 3 VILLAGE DR | 2026-05 | $550,000 | 1,578 | 94.4% |
| 110 VILLAGE DR | 2026-05 | $554,000 | 1,578 | 87.7% |
| 60 WOODWARD LN | 2026-06 | $535,000 | 1,764 | 89.5% |
| 229 ENGLISH PL | 2025-01 | $531,000 | 1,764 | 93.9% |
| 333 PENNS WAY | 2026-06 | $545,000 | 1,780 | 94.1% |
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