The Fair Share Report

101 E Second St

Bound Brook, NJ 08805

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 2 · The Director's Ratio

93.26%

The state's official measure of how far Bound Brook assessments sit below market value — republished every October, applied town-wide.

Step 3 · Assessed value

$163,600

Set at the last town-wide revaluation and mostly frozen since.

Step 4 · The tax rate — same for every Bound Brook home

$2.206 per $100 assessed

$1.107 Schools · 50% $0.345 County · 16% $0.753 Town · 34%

This home's own bill implies $2.082 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$3,405/yr
Public schools$1,710
Somerset County$533
Town of Bound Brook$1,163
Bound Brook average$9,877

The record, in full

Not enough closely-comparable recent sales in Bound Brook for a fairness verdict — the town's current median assessment ratio is 93.6%.

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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 →