The Fair Share Report

47 Georgetown 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.

Step 1 · Market value

≈ $968,433

Likely range $843,498 – $1,020,101, 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 $968,433 home should be assessed near $921,173.

Step 3 · Assessed value

$964,500

Set at the last town-wide revaluation and mostly frozen since. That's $43,327 above what the ratio math suggests (4.7%).

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 $1.614 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$15,568/yr
Public schools$10,099
Somerset County$2,841
Town of Bernards$2,629
Bernards average$14,733

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

Town median 94.1%
This home · 99.6%

80%120%

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
34 GEORGETOWN CT2025-05$993,0002,50595.7%
50 PATRIOT HILL DR2025-02$863,6522,49997.4%
25 LIBERTY RIDGE RD2025-03$1,118,0002,34694.1%
12 HANSOM RD2026-01$1,075,0002,64893.3%
32 HANSOM RD2026-05$1,081,0002,31496.9%
45 DICKINSON RD2025-03$1,125,0003,21799.9%
46 DEXTER DR N2025-03$880,0002,75895.1%
23 HANSOM RD2026-01$1,035,0002,648101.5%
18 VANDERVEER DR2025-05$1,405,0002,61692.2%
13 CLARK CT2025-06$677,0001,99896.8%
16 RIGGS CT2026-05$850,0002,18982.5%
31 ROBERTS CIR2025-04$725,0002,18992.5%

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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 →