The Fair Share Report
12 Third Ave
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 $343,676 – $431,631, 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 $386,333 home should be assessed near $335,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,228 below what the ratio math suggests (10.2%).
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 $1.856 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
64%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 |
|---|---|---|---|---|
| 331 SUNNYSIDE TERR | 2025-03 | $505,000 | 1,122 | 65.8% |
| 711 ROUTE 202 | 2026-02 | $425,000 | 1,242 | 84.2% |
| 591 E MAIN ST | 2025-05 | $400,000 | 1,412 | 79.6% |
| 41 SOMERSET AVENUE | 2025-05 | $550,000 | 1,127 | 75.8% |
| 353 VICTORIA DRIVE | 2026-06 | $425,000 | 1,130 | 88.2% |
| 11 DARTMOUTH AVE. | 2025-04 | $285,000 | 1,125 | 84.5% |
| 10 STANFORD DR. | 2025-04 | $230,000 | 1,125 | 104.7% |
| 8 STANFORD DR. | 2025-03 | $285,000 | 1,125 | 85.2% |
| 3606 HOLMAN CT. | 2026-05 | $450,000 | 1,113 | 74.5% |
| 3904 GRAHAM CT. | 2026-05 | $415,000 | 1,113 | 80.1% |
| 4104 CRAWFORD CT. | 2026-03 | $415,500 | 1,113 | 78.5% |
| 4003 CRAWFORD CT. | 2025-06 | $380,000 | 1,113 | 86.6% |
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