The Fair Share Report

60 E Oak St

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

≈ $1,940,770

Likely range $1,554,150 – $2,140,112, from 12 comparable Bernards sales in the past 18 months, at this home's 4,626 sq ft.

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 $1,940,770 home should be assessed near $1,846,060.

Step 3 · Assessed value

$1,479,700

Set at the last town-wide revaluation and mostly frozen since. That's $366,360 below what the ratio math suggests (19.8%).

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 $1.642 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$24,297/yr
Public schools$15,761
Somerset County$4,433
Town of Bernards$4,102
Bernards average$14,733

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

Town median 94.1%
This home · 76.2%

64%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)

AddressSoldPriceSq ftRatio
64 MORGAN LN2025-02$1,535,0004,56995.8%
23 GALLOPING HILL RD2026-05$2,550,0004,30968.2%
58 MORGAN LN2026-02$1,495,0004,67596.7%
15 RIVERSIDE DR2025-06$1,851,0004,28194.5%
180 SOMERVILLE RD2025-03$449,00099.7%
10 OWENS CT2025-05$1,950,0004,64893.5%
24 CHELSEA CT2026-04$2,175,0005,13496.9%
105 ANNIN RD2026-03$2,400,0004,19373.1%
25 CARRIAGE WAY2026-05$2,454,0005,31890.2%
380 WHITENACK RD2025-05$1,390,0004,497101.2%
19 CREST DR2025-05$1,505,0004,17694.6%
39 MELBOURNE WAY2025-01$1,285,0004,607104.3%

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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 →