The Fair Share Report

14 Exeter Rd

Bedminster, NJ 07921

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 1 · Market value

≈ $651,819

Likely range $559,120 – $691,553, from 12 comparable Bedminster sales in the past 18 months, at this home's 1,621 sq ft.

Step 2 · The Director's Ratio

99.24%

The state's official measure of how far Bedminster assessments sit below market value — republished every October, applied town-wide. A $651,819 home should be assessed near $646,865.

Step 3 · Assessed value

$596,100

Set at the last town-wide revaluation and mostly frozen since. That's $50,765 below what the ratio math suggests (7.8%).

Step 4 · The tax rate — same for every Bedminster home

$1.204 per $100 assessed

$0.618 Schools · 51% $0.301 County · 25% $0.285 Town · 24%

This home's own bill implies $1.136 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$6,774/yr
Public schools$3,477
Somerset County$1,693
Town of Bedminster$1,603
Bedminster average$6,840

This home vs. every recent Bedminster sale · assessed ÷ market

Town median 92.2%
This home · 91.5%

79%112%

Paying about right

This home's ratio lands inside Bedminster's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
80 NORTH EDGEWOOD ROAD2026-04$715,0001,55681.8%
2 BERKLEY LANE2026-01$715,0001,704104.1%
13 SPENCER LANE2026-05$770,0001,73388.0%
12 STONE RUN ROAD2025-05$528,9001,73599.7%
35 CAMBRIDGE ROAD2026-05$609,0001,48484.6%
46 ETON COURT2026-01$575,0001,48493.5%
22 STONE RUN ROAD2026-04$657,5001,46585.3%
21 STONE RUN ROAD2026-03$625,0001,46589.0%
42 STONE RUN ROAD2026-06$565,0001,81293.9%
92 STONE RUN ROAD2026-03$625,0001,81286.1%
13 ETON COURT2026-01$590,0001,42993.3%
17 MALLARD LANE2026-03$560,0001,46492.2%

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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 →