The Fair Share Report
16 Third Ave
Bridgewater, NJ 08853
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 $599,665 – $899,041, from 12 comparable Bridgewater 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 Bridgewater assessments sit below market value — republished every October, applied town-wide. A $716,288 home should be assessed near $621,165.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,965 below what the ratio math suggests (13.7%).
Step 4 · The tax rate — same for every Bridgewater home
$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%
This home's own bill implies $1.785 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bridgewater sale · assessed ÷ market
54%105%
Paying about right
This home's ratio lands inside Bridgewater'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 |
|---|---|---|---|---|
| 77 LOFT DRIVE | 2025-04 | $690,000 | 2,192 | 95.7% |
| 14 STRYKER CT. | 2025-06 | $615,000 | 2,132 | 86.7% |
| 73 STRYKER CT. | 2025-05 | $485,000 | 2,132 | 108.3% |
| 18 LOFT DRIVE | 2026-06 | $775,000 | 2,310 | 84.3% |
| 43 WHITEHEAD ROAD | 2026-04 | $800,000 | 2,351 | 78.7% |
| 36 MURPHY DRIVE | 2026-05 | $875,000 | 2,262 | 82.0% |
| 4 LOFT DRIVE | 2026-03 | $739,000 | 2,454 | 100.3% |
| 33 LOFT DRIVE | 2025-03 | $710,000 | 2,454 | 105.2% |
| 11 WEXFORD WAY | 2025-05 | $875,000 | 2,115 | 82.8% |
| 9 WENDOVER PLACE | 2025-05 | $918,000 | 2,250 | 82.8% |
| 10 JENNA DRIVE | 2025-01 | $888,000 | 2,329 | 89.3% |
| 16 BOND ST. | 2025-03 | $489,600 | 2,276 | 108.7% |
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