The Fair Share Report

8 Knox Ct

Bernards, NJ 07059

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

≈ $859,463

Likely range $729,055 – $905,148, 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 $859,463 home should be assessed near $817,521.

Step 3 · Assessed value

$684,900

Set at the last town-wide revaluation and mostly frozen since. That's $132,621 below what the ratio math suggests (16.2%).

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 $1.556 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,658/yr
Public schools$6,914
Somerset County$1,945
Town of Bernards$1,799
Bernards average$14,733

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

Town median 94.1%
This home · 79.7%

70%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
251 PATRIOT HILL DR2025-01$818,0002,044101.1%
13 CLARK CT2025-06$677,0001,99896.8%
218 PATRIOT HILL DR2025-01$891,0002,04496.3%
266 PATRIOT HILL DR2026-05$915,0002,11294.0%
9 HARTLEY LN2026-05$925,0002,10797.4%
17 CLARK CT2026-05$750,0001,92886.5%
82 CONSTITUTION WAY2026-04$804,0001,92896.2%
32 MAYFLOWER DR2026-01$845,5001,92892.8%
26 MAYFLOWER DR2025-04$762,0001,92896.3%
14 PRESCOTT CT2025-03$700,0001,92898.0%
35 ROBERTS CIR2026-04$727,0002,02286.0%
47 DEXTER DR N2026-06$900,0002,10881.8%

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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 →