The Fair Share Report
55 Summit Dr
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 $1,357,378 – $1,620,337, 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 $1,443,124 home should be assessed near $1,372,700.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,900 below what the ratio math suggests (3.5%).
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 $1.534 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
76%105%
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 |
|---|---|---|---|---|
| 14 PHEASANT RUN DR | 2025-06 | $1,750,000 | 3,024 | 85.0% |
| 33 BRITTANY PL | 2025-06 | $1,450,000 | 3,168 | 93.9% |
| 46 DEXTER DR N | 2025-03 | $880,000 | 2,758 | 95.1% |
| 21 PITNEY CT | 2025-01 | $1,758,000 | 3,364 | 93.9% |
| 79 DYCKMAN PL | 2026-05 | $1,600,000 | 3,035 | 82.9% |
| 200 WOODS END | 2025-05 | $1,675,000 | 3,290 | 91.2% |
| 55 WASHINGTON AVE | 2025-01 | $999,999 | 2,652 | 97.7% |
| 1 TARTAN DR | 2026-05 | $1,515,000 | 3,344 | 90.9% |
| 70 SPRING HOUSE LN | 2025-04 | $1,540,000 | 3,227 | 93.1% |
| 18 HADLEY CT | 2025-06 | $1,100,000 | 3,153 | 94.9% |
| 12 BEACON CREST DR | 2026-04 | $1,665,000 | 3,385 | 89.3% |
| 10 HAMILTON RD | 2026-04 | $1,451,000 | 3,142 | 86.1% |
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