The Fair Share Report
2 Arrowsmith 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,050,020 – $1,270,265, 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 $1,253,925 home should be assessed near $1,087,404.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,796 above what the ratio math suggests (3.3%).
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 $1.782 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
68%112%
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 |
|---|---|---|---|---|
| 16 ADAMS RD. | 2025-01 | $1,090,000 | 3,622 | 98.9% |
| 1195 FAIRFIELD ROAD | 2025-03 | $1,275,000 | 3,511 | 98.2% |
| 855 SUNSET RIDGE | 2026-03 | $1,200,000 | 3,420 | 70.7% |
| 842 MADISON AVE | 2026-03 | $1,405,000 | 3,902 | 79.9% |
| 838 MADISON AVE | 2025-06 | $1,380,000 | 3,842 | 90.7% |
| 2141 WASHINGTON VALLEY RD | 2026-06 | $1,550,000 | 4,119 | 94.9% |
| 11 TOWER RD. | 2025-03 | $1,540,000 | 3,728 | 98.4% |
| 227 CHURCH ROAD | 2026-03 | $1,525,000 | 3,984 | 100.7% |
| 5 ADAMS CT. | 2026-05 | $1,370,000 | 4,422 | 82.0% |
| 1379 BLAIR COURT | 2026-01 | $700,000 | 3,397 | 109.6% |
| 4 WILDE HOLLOW | 2026-05 | $1,675,000 | 4,652 | 82.6% |
| 455 BAYBERRY ROAD | 2025-02 | $1,180,000 | 3,203 | 96.4% |
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