The Fair Share Report
222 E St
Bound Brook, NJ 08805
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 $566,255 – $729,938, from 12 comparable Bound Brook 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 Bound Brook assessments sit below market value — republished every October, applied town-wide. A $677,659 home should be assessed near $631,985.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $146,385 below what the ratio math suggests (23.2%).
Step 4 · The tax rate — same for every Bound Brook home
$1.107 Schools · 50% $0.345 County · 16% $0.753 Town · 34%
This home's own bill implies $2.014 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bound Brook sale · assessed ÷ market
61%111%
Keep quiet and enjoy it
This home's assessment ratio sits below the Bound Brook pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 350 TALMAGE AVENUE | 2025-05 | $660,000 | 2,368 | 61.2% |
| 539 WINSOR STREET | 2025-06 | $550,000 | 2,289 | 84.9% |
| 51 WEST UNION AVENUE | 2026-03 | $570,000 | 2,369 | 91.5% |
| 112 WEST HIGH STREET | 2025-02 | $650,000 | 2,554 | 97.8% |
| 126 WEST HIGH STREET | 2026-04 | $615,000 | 2,228 | 89.8% |
| 206 EAST UNION AVENUE | 2026-06 | $540,000 | 2,562 | 80.8% |
| 415 EAST UNION AVENUE | 2025-01 | $575,000 | 1,862 | 88.8% |
| 48-50 TALMAGE AVENUE | 2026-03 | $825,000 | 3,330 | 72.6% |
| 46 VAN KEUREN AVENUE | 2025-04 | $550,000 | 1,754 | 90.1% |
| 211 HARDY AVENUE | 2025-01 | $530,000 | 1,811 | 73.8% |
| 315 EAST STREET | 2026-04 | $389,000 | 1,980 | 105.8% |
| 28 WEST UNION AVENUE | 2026-06 | $490,000 | 1,744 | 85.2% |
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