The Fair Share Report
72 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 $1,001,498 – $1,472,270, 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 $1,262,342 home should be assessed near $1,200,740.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,660 above what the ratio math suggests (2.6%).
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 $1.535 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
78%128%
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 |
|---|---|---|---|---|
| 46 DEXTER DR N | 2025-03 | $880,000 | 2,758 | 95.1% |
| 55 WASHINGTON AVE | 2025-01 | $999,999 | 2,652 | 97.7% |
| 79 DYCKMAN PL | 2026-05 | $1,600,000 | 3,035 | 82.9% |
| 25 WELLINGTON DR | 2025-06 | $1,580,000 | 2,929 | 95.5% |
| 14 PHEASANT RUN DR | 2025-06 | $1,750,000 | 3,024 | 85.0% |
| 18 HADLEY CT | 2025-06 | $1,100,000 | 3,153 | 94.9% |
| 2 PRINCETON CT | 2025-06 | $1,100,000 | 2,731 | 94.7% |
| 12 BEACON CREST DR | 2026-04 | $1,665,000 | 3,385 | 89.3% |
| 33 BRITTANY PL | 2025-06 | $1,450,000 | 3,168 | 93.9% |
| 10 HAMILTON RD | 2026-04 | $1,451,000 | 3,142 | 86.1% |
| 7 VANDERVEER DR | 2025-04 | $1,366,000 | 2,660 | 90.4% |
| 64 LIBERTY RIDGE RD | 2026-05 | $1,220,000 | 2,710 | 91.7% |
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