The Fair Share Report
80 Commonwealth 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 $509,844 – $570,556, from 12 comparable Bernards sales in the past 18 months, at this home's 1,580 sq ft.
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 $536,478 home should be assessed near $510,298.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $174,602 above what the ratio math suggests (34.2%).
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 $1.594 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
80%140%
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 $2,946/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 VILLAGE DR | 2026-05 | $550,000 | 1,578 | 94.4% |
| 110 VILLAGE DR | 2026-05 | $554,000 | 1,578 | 87.7% |
| 67 WOODWARD LN | 2026-02 | $492,000 | 1,596 | 98.8% |
| 408 PENNS WAY | 2025-06 | $517,500 | 1,596 | 91.5% |
| 87 COUNTRYSIDE DR | 2025-05 | $505,000 | 1,556 | 96.3% |
| 471 PENNS WAY | 2025-03 | $598,000 | 1,656 | 91.6% |
| 10 COUNTRYSIDE DR | 2025-05 | $495,000 | 1,534 | 94.2% |
| 45 ARBOR CIR | 2025-01 | $550,000 | 1,626 | 94.8% |
| 10 VALLEY VIEW DR | 2025-03 | $565,000 | 1,664 | 95.8% |
| 15 DEXTER DR N | 2026-02 | $900,000 | 1,684 | 82.5% |
| 60 WOODWARD LN | 2026-06 | $535,000 | 1,764 | 89.5% |
| 229 ENGLISH PL | 2025-01 | $531,000 | 1,764 | 93.9% |
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