The Fair Share Report
2 Pendleton Pl
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 $425,094 – $543,001, 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 $484,710 home should be assessed near $137,318.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,118 below what the ratio math suggests (3.7%).
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 |
|---|---|---|---|---|
| 53 THORN LN | 2026-02 | $485,000 | 1,670 | 24.1% |
| 10 KNOLL CT | 2025-04 | $485,000 | 1,635 | 23.2% |
| 145 WILCOX CT | 2025-06 | $457,000 | 1,663 | 26.6% |
| 130 PENDLETON PL | 2024-12 | $490,000 | 1,716 | 27.1% |
| 64 BRAMBLE LN | 2025-12 | $533,000 | 1,635 | 21.5% |
| 46 BRAMBLE LN | 2025-12 | $405,000 | 1,635 | 27.9% |
| 120 DIAMOND LN | 2026-03 | $646,000 | 1,661 | 22.6% |
| 288 BISHOP CT | 2025-12 | $470,000 | 1,676 | 25.9% |
| 11 EXCALIBUR CT | 2025-08 | $495,000 | 1,676 | 24.5% |
| 12 EXCALIBUR CT | 2025-05 | $435,000 | 1,676 | 27.6% |
| 21 LEXINGTON CIR | 2025-06 | $442,000 | 1,799 | 26.6% |
| 44 LEXINGTON CIR | 2025-05 | $450,000 | 1,799 | 25.7% |
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