The Fair Share Report
1007 Rector Rd
Bridgewater, NJ 08807
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 $668,076 – $785,420, from 12 comparable Bridgewater sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Bridgewater assessments sit below market value — republished every October, applied town-wide. A $721,650 home should be assessed near $625,815.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,185 above what the ratio math suggests (2.3%).
Step 4 · The tax rate — same for every Bridgewater home
$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%
This home's own bill implies $1.757 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bridgewater sale · assessed ÷ market
68%105%
Paying about right
This home's ratio lands inside Bridgewater's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 TIFFIN PLACE | 2025-05 | $585,000 | 1,808 | 91.6% |
| 1128 CONCORD DRIVE | 2025-01 | $705,000 | 1,736 | 87.6% |
| 1366 SPUR CT | 2026-04 | $706,000 | 1,798 | 79.6% |
| 1100 CONCORD DRIVE | 2026-06 | $711,000 | 1,868 | 82.7% |
| 1052 RECTOR ROAD | 2026-01 | $640,000 | 1,712 | 104.0% |
| 1794 WASHINGTON VALLEY RD | 2025-01 | $875,000 | 1,719 | 77.0% |
| 179 BRAHMA AVENUE | 2026-05 | $715,000 | 1,724 | 59.5% |
| 1155 PAPEN ROAD | 2025-06 | $686,000 | 1,930 | 82.3% |
| 840 SHERWOOD ROAD | 2025-01 | $824,000 | 1,888 | 86.3% |
| 11 GLENWOOD TERRACE | 2025-02 | $700,000 | 1,835 | 81.6% |
| 61 STELLA DRIVE | 2026-01 | $775,000 | 1,906 | 74.8% |
| 1131 CONCORD DRIVE | 2025-05 | $891,000 | 1,971 | 63.7% |
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