The Fair Share Report
151 Cherry Ave
Bound Brook, NJ 08844
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 $522,403 – $637,509, 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 $546,364 home should be assessed near $509,539.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,539 below what the ratio math suggests (1.9%).
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 $1.977 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 |
|---|---|---|---|---|
| 713 MOUNTAIN AVENUE | 2025-05 | $485,000 | 1,628 | 88.2% |
| 775 WATCHUNG ROAD | 2025-05 | $540,000 | 1,782 | 103.9% |
| 265 SOUTH METAPE CIRCLE | 2026-02 | $605,000 | 1,646 | 77.8% |
| 514 LONGWOOD AVENUE | 2025-05 | $450,000 | 1,498 | 104.0% |
| 428 HELFIN STREET | 2026-05 | $605,000 | 1,948 | 83.0% |
| 28 WEST UNION AVENUE | 2026-06 | $490,000 | 1,744 | 85.2% |
| 211 HARDY AVENUE | 2025-01 | $530,000 | 1,811 | 73.8% |
| 512 WEST SECOND STREET | 2026-02 | $575,000 | 1,664 | 91.0% |
| 46 VAN KEUREN AVENUE | 2025-04 | $550,000 | 1,754 | 90.1% |
| 369 CHERRY AVENUE | 2025-04 | $511,000 | 1,492 | 94.6% |
| 415 EAST UNION AVENUE | 2025-01 | $575,000 | 1,862 | 88.8% |
| 308 CHURCH STREET | 2026-06 | $460,000 | 1,580 | 91.8% |
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