The Fair Share Report
2 Midsummer Dr
Old Bridge, NJ 08857
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 $659,523 – $751,302, 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 $707,969 home should be assessed near $200,568.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,968 below what the ratio math suggests (11.5%).
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
16%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 |
|---|---|---|---|---|
| 40 SENECA ST | 2025-06 | $655,000 | 1,959 | 27.4% |
| 21 WARREN DR | 2026-04 | $635,000 | 1,870 | 27.6% |
| 21 MORNINGSIDE DR | 2026-01 | $763,300 | 1,964 | 21.4% |
| 48 CREIGHTON CIR | 2025-09 | $670,000 | 1,910 | 25.4% |
| 31 CEDAR AVE | 2026-01 | $715,000 | 1,914 | 22.4% |
| 21 SHOSHONE ST | 2025-12 | $777,777 | 1,831 | 24.0% |
| 10 ARVIN RD | 2025-01 | $660,000 | 1,814 | 25.1% |
| 17 MORNINGSIDE DR | 2025-07 | $735,000 | 1,964 | 22.2% |
| 2 WABASH PL | 2025-06 | $714,370 | 2,057 | 26.3% |
| 35 TERRILL RD | 2025-02 | $590,000 | 1,904 | 26.1% |
| 34 ROCK HILL RD | 2025-06 | $765,100 | 1,787 | 21.6% |
| 12 APPLETON TERR | 2025-01 | $769,999 | 2,062 | 23.7% |
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