The Fair Share Report
508 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $532,411 – $680,712, 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 $591,254 home should be assessed near $562,401.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,999 above what the ratio math suggests (11.7%).
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 $1.507 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%123%
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 |
|---|---|---|---|---|
| 436 MT AIRY RD | 2026-02 | $790,000 | 1,416 | 91.8% |
| 212 W OAK ST | 2026-05 | $590,000 | 1,326 | 88.4% |
| 494 KING GEORGE RD | 2026-05 | $570,000 | 1,572 | 95.9% |
| 117 W OAK ST | 2025-04 | $601,000 | 1,296 | 98.8% |
| 19 S ALWARD AVE | 2025-04 | $810,000 | 1,660 | 93.7% |
| 22 DAYTON ST | 2026-01 | $669,000 | 1,614 | 90.6% |
| 22 DAYTON ST | 2025-03 | $645,000 | 1,614 | 94.0% |
| 10 NANCY LN | 2025-04 | $650,000 | 1,792 | 93.8% |
| 317 S FINLEY AVE | 2026-06 | $740,317 | 1,452 | 91.4% |
| 230 ARROWOOD WAY | 2026-06 | $615,000 | 1,357 | 90.1% |
| 85 SYCAMORE CT | 2026-04 | $586,500 | 1,357 | 97.2% |
| 217 ARROWOOD WAY | 2025-03 | $551,000 | 1,357 | 97.0% |
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