The Fair Share Report
129 E Second St
Bound Brook, NJ 08831
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 $397,194 – $514,559, from 12 comparable Bound Brook 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 Bound Brook assessments sit below market value — republished every October, applied town-wide. A $422,062 home should be assessed near $393,615.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,185 above what the ratio math suggests (5.6%).
Step 4 · The tax rate — same for every Bound Brook home
$1.107 Schools · 50% $0.345 County · 16% $0.753 Town · 34%
This home's own bill implies $2.059 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bound Brook sale · assessed ÷ market
72%111%
Paying about right
This home's ratio lands inside Bound Brook'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 |
|---|---|---|---|---|
| 283 WEST MAIN STREET | 2025-02 | $293,000 | 1,204 | 94.9% |
| 236 WEST MAPLE AVENUE | 2025-05 | $460,000 | 1,364 | 84.1% |
| 162 LINDEN AVENUE | 2026-03 | $379,900 | 1,250 | 101.2% |
| 112 EAST STREET | 2026-03 | $465,000 | 1,128 | 77.8% |
| 306 CHURCH STREET | 2026-03 | $510,000 | 1,288 | 94.0% |
| 334 WEST HIGH STREET | 2026-01 | $390,000 | 1,098 | 95.0% |
| 211 WEST SECOND STREET | 2025-03 | $525,000 | 1,560 | 75.9% |
| 160 LINDEN AVENUE | 2025-05 | $450,000 | 1,340 | 87.8% |
| 589 MOUNTAIN AVENUE | 2026-04 | $510,000 | 1,582 | 89.7% |
| 561 MARION STREET | 2026-06 | $600,000 | 1,260 | 79.8% |
| 536 WASHINGTON STREET | 2025-04 | $501,000 | 1,120 | 94.4% |
| 107 CHESTNUT STREET | 2026-02 | $540,000 | 1,254 | 85.9% |
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