The Fair Share Report
5 Meadowview 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $390,700 – $439,131, 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 $407,364 home should be assessed near $387,485.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $241,615 above what the ratio math suggests (62.4%).
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 $1.521 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%166%
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 $4,076/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 49 ALEXANDRIA WAY | 2026-03 | $403,500 | 1,000 | 90.7% |
| 23 ALEXANDRIA WAY | 2025-05 | $375,000 | 1,000 | 96.8% |
| 195 ALEXANDRIA WAY | 2026-05 | $415,000 | 1,000 | 89.1% |
| 106 JAMESTOWN RD | 2025-05 | $385,000 | 1,000 | 99.1% |
| 63 COMMONWEALTH DR | 2025-01 | $409,000 | 1,000 | 89.5% |
| 180 SOMERVILLE RD | 2025-03 | $449,000 | — | 99.7% |
| 34 JAMESTOWN RD | 2025-04 | $375,000 | 950 | 92.4% |
| 80 JAMESTOWN RD | 2025-01 | $365,000 | 950 | 103.5% |
| 24 SPRING VALLEY BLVD | 2026-05 | $415,000 | 1,050 | 100.3% |
| 231 ALEXANDRIA WAY | 2025-05 | $458,000 | 1,050 | 88.5% |
| 130 SMITHFIELD CT | 2025-01 | $475,000 | 1,050 | 95.5% |
| 14 SMITHFIELD CT | 2025-06 | $395,000 | 950 | 90.6% |
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