The Fair Share Report
116 Ely Ave
Old Bridge, NJ 08879
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 $408,312 – $590,416, from 12 comparable Old Bridge 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 Old Bridge assessments sit below market value — republished every October, applied town-wide. A $551,340 home should be assessed near $156,195.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,995 below what the ratio math suggests (26.2%).
Step 4 · The tax rate — same for every Old Bridge home
$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%
Step 5 · The bill
This home vs. every recent Old Bridge sale · assessed ÷ market
14%38%
Paying about right
This home's ratio lands inside Old Bridge'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 |
|---|---|---|---|---|
| 58 PIEDMONT DR | 2025-03 | $598,000 | 1,380 | 23.6% |
| 70 WOODSHORE WEST | 2025-09 | $599,900 | 1,420 | 21.4% |
| 100 BENTLEY AVE | 2025-11 | $565,000 | 1,334 | 23.3% |
| 51 MALIBU CT | 2026-05 | $429,000 | 1,380 | 27.6% |
| 282 SUNSET AVE | 2025-06 | $510,000 | 1,279 | 24.5% |
| 27 HOLLY ST | 2025-10 | $555,000 | 1,373 | 24.6% |
| 24 MABALINE RD | 2025-01 | $539,000 | 1,354 | 25.8% |
| 11 WELLESLEY RD | 2025-01 | $485,000 | 1,394 | 25.9% |
| 71 STEVENS AVE | 2025-04 | $665,000 | 1,373 | 20.2% |
| 4 DARTMOUTH RD | 2026-04 | $250,000 | 1,368 | 51.1% |
| 6 STONEYBROOK DR | 2025-06 | $590,000 | 1,408 | 21.0% |
| 99 NEILLY CT | 2025-11 | $410,000 | 1,360 | 22.7% |
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