The Fair Share Report
166 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 $362,735 – $457,114, 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 $411,977 home should be assessed near $116,713.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,613 below what the ratio math suggests (25.4%).
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
14%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 |
|---|---|---|---|---|
| 220 BIRCHWOOD DR | 2025-10 | $436,000 | 989 | 21.8% |
| 451 BROOKSIDE AVE | 2025-07 | $400,000 | 1,046 | 21.1% |
| 604 GREENWOOD AVE | 2025-05 | $435,000 | 949 | 22.8% |
| 417 JEFFERSON AVE | 2025-06 | $300,000 | 1,116 | 37.4% |
| 622 FOREST AVE | 2025-10 | $475,000 | 1,208 | 25.2% |
| 622 FOREST AVE | 2025-04 | $260,000 | 1,208 | 46.0% |
| 737 PROSPECT AVE | 2026-01 | $432,000 | 869 | 21.6% |
| 181 NORWOOD AVE | 2026-02 | $445,000 | 1,016 | 21.0% |
| 184 HILLTOP BLVD | 2025-09 | $335,000 | 978 | 26.1% |
| 363 OCEAN BLVD | 2026-01 | $465,000 | 864 | 20.3% |
| 363 OCEAN BLVD | 2025-07 | $360,000 | 864 | 26.2% |
| 21 FOURTH ST | 2026-02 | $501,000 | 1,152 | 24.8% |
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