The Fair Share Report

175 Maple St

Bridgewater, NJ 08807

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.

Step 1 · Market value

≈ $532,192

Likely range $511,929 – $637,951, from 12 comparable Bridgewater sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

86.72%

The state's official measure of how far Bridgewater assessments sit below market value — republished every October, applied town-wide. A $532,192 home should be assessed near $461,517.

Step 3 · Assessed value

$449,400

Set at the last town-wide revaluation and mostly frozen since. That's $12,117 below what the ratio math suggests (2.6%).

Step 4 · The tax rate — same for every Bridgewater home

$1.901 per $100 assessed

$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%

This home's own bill implies $1.759 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,904/yr
Public schools$5,377
Somerset County$1,513
Town of Bridgewater$1,014
Bridgewater average$10,962

This home vs. every recent Bridgewater sale · assessed ÷ market

Town median 84.0%
This home · 84.4%

65%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)

AddressSoldPriceSq ftRatio
703 PORTER WAY WEST2026-02$525,0001,63798.1%
508 READING CIRCLE2026-04$650,0001,66877.6%
3302 PINHORN DRIVE2026-01$554,0001,71083.4%
703 BROKAW COURT2025-03$455,0001,57897.8%
1008 BAYLEY CT.2025-05$680,0001,70481.5%
1103 DOOLITTLE DRIVE2026-05$490,0001,56490.1%
602 BROKAW COURT2025-06$480,0001,56491.8%
2403 WINDER DR.2026-03$591,0001,72881.8%
2103 VROOM DR.2026-04$630,0001,56088.0%
504 READING CIRCLE2026-05$580,0001,53478.3%
1405 STECH DR.2025-02$505,0001,56099.2%
212 PORTER WAY EAST2025-03$446,0001,51885.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →