The Fair Share Report

1908 Stech Dr

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

≈ $832,308

Likely range $662,096 – $903,274, 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 $832,308 home should be assessed near $721,777.

Step 3 · Assessed value

$590,500

Set at the last town-wide revaluation and mostly frozen since. That's $131,277 below what the ratio math suggests (18.2%).

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 $1.777 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,492/yr
Public schools$7,138
Somerset County$2,008
Town of Bridgewater$1,346
Bridgewater average$10,962

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

Town median 84.0%
This home · 70.9%

60%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
77 LOFT DRIVE2025-04$690,0002,19295.7%
11 WEXFORD WAY2025-05$875,0002,11582.8%
9 WENDOVER PLACE2025-05$918,0002,25082.8%
17 CRAFT FARM DRIVE2026-04$955,0002,28879.2%
9 JOANNE COURT2025-04$975,0002,27480.8%
14 STRYKER CT.2025-06$615,0002,13286.7%
73 STRYKER CT.2025-05$485,0002,132108.3%
24 FLANDERS WAY2026-06$850,0002,20878.0%
81 PINE STREET2026-05$710,0002,23668.5%
43 WHITEHEAD ROAD2026-04$800,0002,35178.7%
16 BOND ST.2025-03$489,6002,276108.7%
36 MURPHY DRIVE2026-05$875,0002,26282.0%

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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 →