The Fair Share Report
124 Ely Ave
Old Bridge, NJ 08857
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 $416,012 – $552,301, 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 $460,878 home should be assessed near $130,567.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,767 below what the ratio math suggests (1.4%).
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
16%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 |
|---|---|---|---|---|
| 65 BLVD EAST | 2025-11 | $555,000 | 1,470 | 26.4% |
| 696 GROVE AVE | 2025-11 | $540,000 | 1,508 | 24.9% |
| 16 RACHELE CT | 2025-06 | $625,000 | 1,552 | 24.2% |
| 165 PENN CT | 2026-04 | $575,000 | 1,524 | 20.5% |
| 81 LETTS CT | 2025-12 | $430,000 | 1,524 | 28.2% |
| 165 PENN CT | 2025-10 | $370,000 | 1,524 | 31.8% |
| 61 LAURIE CT | 2025-10 | $465,000 | 1,524 | 26.8% |
| 208 HENDERSON CT | 2025-10 | $550,000 | 1,524 | 21.9% |
| 193 HEYWOOD CT | 2025-10 | $445,000 | 1,524 | 27.3% |
| 192 HEYWOOD CT | 2025-03 | $491,000 | 1,524 | 24.1% |
| 429 LEA AVE | 2026-05 | $450,000 | 1,708 | 30.5% |
| 155 PENN CT | 2026-04 | $485,000 | 1,412 | 23.1% |
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