The Fair Share Report

77 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

≈ $573,499

Likely range $523,489 – $748,244, 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 $573,499 home should be assessed near $545,512.

Step 3 · Assessed value

$677,000

Set at the last town-wide revaluation and mostly frozen since. That's $131,488 above what the ratio math suggests (24.1%).

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 $1.561 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,569/yr
Public schools$6,856
Somerset County$1,928
Town of Bernards$1,784
Bernards average$14,733

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

Town median 94.1%
This home · 118.0%

80%135%

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
317 S FINLEY AVE2026-06$740,3171,45291.4%
77 WOODSTONE RD2026-04$850,0001,61888.4%
436 MT AIRY RD2026-02$790,0001,41691.8%
254 PENNS WAY2026-04$500,0001,40093.0%
267 ENGLISH PL2026-02$480,0001,40099.4%
265 PENNS WAY2025-02$450,0001,400114.0%
26 WOODWARD LN2026-04$500,0001,396100.3%
334 ENGLISH PL2025-03$565,0001,39690.0%
63 ASPEN DR2025-06$555,5551,44397.7%
62 ASPEN DR2025-04$592,0001,44385.4%
55 SYCAMORE CT2026-05$520,0001,388100.5%
59 SYCAMORE CT2026-05$549,0001,38897.7%

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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 →