The Fair Share Report
151 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 $582,990 – $635,681, 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 $612,296 home should be assessed near $173,463.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,863 below what the ratio math suggests (2.2%).
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 |
|---|---|---|---|---|
| 26 CANNON RD | 2025-12 | $1,120,000 | — | 23.8% |
| 24 HANNA LN | 2025-08 | $580,000 | 1,998 | 32.8% |
| 25 HANNA LN | 2025-02 | $605,000 | 1,998 | 30.2% |
| 51 OSPREY DR | 2025-04 | $680,000 | 2,036 | 26.6% |
| 12 RONDELL LN | 2026-04 | $625,000 | 1,998 | 29.3% |
| 6 RONDELL LN | 2026-03 | $608,500 | 1,998 | 24.8% |
| 29 CHIMNEY CT | 2025-07 | $592,500 | 1,998 | 30.8% |
| 41 CAPICA CT | 2026-02 | $595,000 | 1,998 | 30.8% |
| 49 ROZALYN LN | 2026-01 | $610,000 | 1,998 | 29.3% |
| 243 ALPINE WY | 2026-01 | $700,000 | 2,032 | 23.3% |
| 22 DAFFODIL WAY | 2025-08 | $645,000 | 2,130 | 28.3% |
| 11 DAFFODIL WAY | 2025-11 | $599,000 | 1,872 | 29.1% |
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