The Fair Share Report
2 Ely Ct
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 $1,307,019 – $1,454,928, 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 $1,409,046 home should be assessed near $1,221,925.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $96,325 below what the ratio math suggests (7.9%).
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 $1.746 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%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 |
|---|---|---|---|---|
| 28 MC DOWELL CT. | 2025-05 | $1,305,000 | 4,004 | 86.4% |
| 2168 PERRINE RD. | 2025-04 | $1,250,000 | 3,622 | 91.9% |
| 10 WEAVER DR. | 2025-05 | $1,100,000 | 3,574 | 104.9% |
| 227 CHURCH ROAD | 2026-03 | $1,525,000 | 3,984 | 100.7% |
| 27 WEAVER DR. | 2025-02 | $1,310,000 | 3,548 | 87.6% |
| 4 ERIN CT. | 2026-02 | $1,070,000 | 3,117 | 81.0% |
| 838 MADISON AVE | 2025-06 | $1,380,000 | 3,842 | 90.7% |
| 2 DUMONT COURT | 2026-02 | $1,220,000 | 4,232 | 97.4% |
| 2141 WASHINGTON VALLEY RD | 2026-06 | $1,550,000 | 4,119 | 94.9% |
| 842 MADISON AVE | 2026-03 | $1,405,000 | 3,902 | 79.9% |
| 1 WISHNOW WAY | 2026-04 | $1,450,000 | 4,295 | 96.6% |
| 455 BAYBERRY ROAD | 2025-02 | $1,180,000 | 3,203 | 96.4% |
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