The Fair Share Report

453 Lyons 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

≈ $580,306

Likely range $511,388 – $814,661, 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 $580,306 home should be assessed near $551,987.

Step 3 · Assessed value

$712,500

Set at the last town-wide revaluation and mostly frozen since. That's $160,513 above what the ratio math suggests (29.1%).

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%

This home's own bill implies $1.522 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,845/yr
Public schools$7,035
Somerset County$1,979
Town of Bernards$1,831
Bernards average$14,733

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

Town median 94.1%
This home · 122.8%

80%145%

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)

AddressSoldPriceSq ftRatio
494 KING GEORGE RD2026-05$570,0001,57295.9%
67 WOODWARD LN2026-02$492,0001,59698.8%
408 PENNS WAY2025-06$517,5001,59691.5%
87 COUNTRYSIDE DR2025-05$505,0001,55696.3%
10 VALLEY VIEW DR2025-03$565,0001,66495.8%
110 VILLAGE DR2026-05$554,0001,57887.7%
3 VILLAGE DR2026-05$550,0001,57894.4%
10 COUNTRYSIDE DR2025-05$495,0001,53494.2%
471 PENNS WAY2025-03$598,0001,65691.6%
15 DEXTER DR N2026-02$900,0001,68482.5%
436 MT AIRY RD2026-02$790,0001,41691.8%
8 BEECHWOOD RD2026-06$1,000,0002,06077.0%

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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 →