The Fair Share Report

7 Ross Ln

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

≈ $1,594,203

Likely range $1,517,241 – $1,792,467, 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 $1,594,203 home should be assessed near $1,516,406.

Step 3 · Assessed value

$1,424,900

Set at the last town-wide revaluation and mostly frozen since. That's $91,506 below what the ratio math suggests (6.0%).

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 $1.574 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$22,430/yr
Public schools$14,550
Somerset County$4,093
Town of Bernards$3,787
Bernards average$14,733

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

Town median 94.1%
This home · 89.4%

74%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
1 TARTAN DR2026-05$1,515,0003,34490.9%
21 PITNEY CT2025-01$1,758,0003,36493.9%
24 TALMADGE LN2025-06$1,921,0003,51584.2%
12 BEACON CREST DR2026-04$1,665,0003,38589.3%
200 WOODS END2025-05$1,675,0003,29091.2%
45 POND HILL RD2025-02$1,300,0003,37898.3%
33 BRITTANY PL2025-06$1,450,0003,16893.9%
14 PHEASANT RUN DR2025-06$1,750,0003,02485.0%
70 SPRING HOUSE LN2025-04$1,540,0003,22793.1%
126 WOODS END2025-04$1,675,0003,54592.6%
92 SHANNON HILL RD2026-05$1,850,0003,33674.7%
18 HADLEY CT2025-06$1,100,0003,15394.9%

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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 →