The Fair Share Report

74 Berkeley Cir

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

≈ $1,167,262

Likely range $982,113 – $1,510,822, 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 $1,167,262 home should be assessed near $1,110,300.

Step 3 · Assessed value

$1,277,500

Set at the last town-wide revaluation and mostly frozen since. That's $167,200 above what the ratio math suggests (15.1%).

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 $1.594 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$20,361/yr
Public schools$13,208
Somerset County$3,715
Town of Bernards$3,438
Bernards average$14,733

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

Town median 94.1%
This home · 109.4%

79%136%

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
46 DEXTER DR N2025-03$880,0002,75895.1%
18 VAN DORN RD2025-06$980,0002,888100.2%
56 TUXFORD TER2026-06$1,125,0002,80797.5%
14 PHEASANT RUN DR2025-06$1,750,0003,02485.0%
115 BERKELEY CIR2026-05$1,275,0002,45488.6%
1273 MT AIRY RD2025-04$970,0002,75695.8%
79 DYCKMAN PL2026-05$1,600,0003,03582.9%
20 MANCHESTER DR2025-06$1,036,0332,79094.3%
9 PALMERSTON PL2025-04$1,100,0002,590107.2%
33 BRITTANY PL2025-06$1,450,0003,16893.9%
70 SPRING HOUSE LN2025-04$1,540,0003,22793.1%
10 LAFAYETTE LN2025-02$999,0003,39099.6%

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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 →