The Fair Share Report

55 Archgate 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

≈ $1,270,885

Likely range $1,089,279 – $1,359,883, 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 $1,270,885 home should be assessed near $1,208,866.

Step 3 · Assessed value

$1,335,400

Set at the last town-wide revaluation and mostly frozen since. That's $126,534 above what the ratio math suggests (10.5%).

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 $1.530 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$20,426/yr
Public schools$13,251
Somerset County$3,727
Town of Bernards$3,449
Bernards average$14,733

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

Town median 94.1%
This home · 105.1%

80%128%

A touch high — worth watching

This home's ratio sits above most of Bernards, but doesn't clear NJ's legal appeal line (100.00%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
36 DEBRA LN2026-05$1,302,0003,24177.8%
18 VAN DORN RD2025-06$980,0002,888100.2%
56 TUXFORD TER2026-06$1,125,0002,80797.5%
10 LAFAYETTE LN2025-02$999,0003,39099.6%
1273 MT AIRY RD2025-04$970,0002,75695.8%
59 MANOR DR2026-05$1,550,9993,52785.5%
28 LAFAYETTE LN2026-04$1,360,0003,62291.5%
209 LAKE RD2026-05$1,350,0003,61783.3%
70 SPRING HOUSE LN2025-04$1,540,0003,22793.1%
9 PALMERSTON PL2025-04$1,100,0002,590107.2%
257 LYONS RD2025-02$925,0002,60097.8%
81 ATLAS RD2026-05$1,230,0002,45590.1%

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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 →