The Fair Share Report
149 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 $397,941 – $450,000, from 12 comparable Old Bridge sales in the past 18 months, at this home's 1,320 sq ft.
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 $413,793 home should be assessed near $117,228.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $472 above what the ratio math suggests (0.4%).
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 |
|---|---|---|---|---|
| 46 ELLEN HEATH DR | 2025-12 | $363,734 | 1,270 | 22.9% |
| 835 SUMMERFIELD AVE | 2025-05 | $430,000 | 1,252 | 24.8% |
| 27 DORADO CT | 2025-02 | $385,000 | 1,348 | 25.8% |
| 65 BLVD EAST | 2025-11 | $555,000 | 1,470 | 26.4% |
| 54 ELLEN HEATH DR | 2026-01 | $375,000 | 1,228 | 23.8% |
| 50 ELLEN HEATH DR | 2025-07 | $385,000 | 1,228 | 20.8% |
| 53 ELLEN HEATH DR | 2025-03 | $325,000 | 1,228 | 29.2% |
| 99 NEILLY CT | 2025-11 | $410,000 | 1,360 | 22.7% |
| 100 NEILLY CT | 2025-08 | $420,000 | 1,360 | 22.2% |
| 23 MAPLE AVE | 2026-01 | $595,000 | 1,255 | 23.3% |
| 181 HEYWOOD CT | 2026-01 | $400,000 | 1,276 | 27.2% |
| 95 REYNOLDS CT | 2025-10 | $420,000 | 1,276 | 25.9% |
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