The Fair Share Report

7 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.

Step 1 · Market value

≈ $1,033,540

Likely range $961,707 – $1,246,944, 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 $1,033,540 home should be assessed near $983,103.

Step 3 · Assessed value

$980,600

Set at the last town-wide revaluation and mostly frozen since. That's $2,503 below what the ratio math suggests (0.3%).

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 $1.558 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$15,276/yr
Public schools$9,910
Somerset County$2,787
Town of Bernards$2,579
Bernards average$14,733

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

Town median 94.1%
This home · 94.9%

73%107%

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
27 WOODSTONE RD2026-03$1,370,0002,53281.3%
134 SPENCER RD2026-05$1,100,0002,58285.8%
8 BEECHWOOD RD2026-06$1,000,0002,06077.0%
47 FIELDSTONE DR2025-04$1,355,0002,43685.2%
81 ATLAS RD2026-05$1,230,0002,45590.1%
11 N VOORHEES DR2025-06$1,094,4452,31595.7%
115 BERKELEY CIR2026-05$1,275,0002,45488.6%
9 PALMERSTON PL2025-04$1,100,0002,590107.2%
257 LYONS RD2025-02$925,0002,60097.8%
4 VAN DORN RD2025-01$920,0002,18496.2%
1273 MT AIRY RD2025-04$970,0002,75695.8%
10 NANCY LN2025-04$650,0001,79293.8%

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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 →