The Fair Share Report

70 Crest 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.

Step 1 · Market value

≈ $1,123,669

Likely range $1,047,699 – $1,231,538, 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 $1,123,669 home should be assessed near $1,068,834.

Step 3 · Assessed value

$1,243,400

Set at the last town-wide revaluation and mostly frozen since. That's $174,566 above what the ratio math suggests (16.3%).

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 $1.587 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$19,729/yr
Public schools$12,798
Somerset County$3,600
Town of Bernards$3,331
Bernards average$14,733

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

Town median 94.1%
This home · 110.7%

80%124%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,945/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
180 SOMERVILLE RD2025-03$449,00099.7%
9 CROSS RD2025-01$1,075,0003,07298.0%
36 DEBRA LN2026-05$1,302,0003,24177.8%
6 DOGWOOD WAY2026-01$925,0002,95081.6%
18 VAN DORN RD2025-06$980,0002,888100.2%
1273 MT AIRY RD2025-04$970,0002,75695.8%
209 LAKE RD2026-05$1,350,0003,61783.3%
56 TUXFORD TER2026-06$1,125,0002,80797.5%
20 MANCHESTER DR2025-06$1,036,0332,79094.3%
47 FIELDSTONE DR2025-04$1,355,0002,43685.2%
134 SPENCER RD2026-05$1,100,0002,58285.8%
257 LYONS RD2025-02$925,0002,60097.8%

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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 →