The Fair Share Report

87 N Maple Ave

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

≈ $1,017,893

Likely range $888,228 – $1,108,226, 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 $1,017,893 home should be assessed near $968,220.

Step 3 · Assessed value

$1,074,500

Set at the last town-wide revaluation and mostly frozen since. That's $106,280 above what the ratio math suggests (11.0%).

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 $1.650 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$17,732/yr
Public schools$11,503
Somerset County$3,236
Town of Bernards$2,994
Bernards average$14,733

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

Town median 94.1%
This home · 105.6%

80%126%

A touch high — worth watching

This home's ratio sits above most of Bernards, but doesn't clear NJ's legal appeal line (100.00%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
180 SOMERVILLE RD2025-03$449,00099.7%
312 GRIST MILL DR2025-03$1,025,0002,59695.3%
20 MANCHESTER DR2025-06$1,036,0332,79094.3%
101 WEXFORD WAY2026-06$1,024,0002,51690.8%
257 LYONS RD2025-02$925,0002,60097.8%
46 DEXTER DR N2025-03$880,0002,75895.1%
134 SPENCER RD2026-05$1,100,0002,58285.8%
9 PALMERSTON PL2025-04$1,100,0002,590107.2%
9 CROSS RD2025-01$1,075,0003,07298.0%
129 CHURCH ST2025-04$841,1002,34593.4%
47 FIELDSTONE DR2025-04$1,355,0002,43685.2%
6 DOGWOOD WAY2026-01$925,0002,95081.6%

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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 →