The Fair Share Report
23 Farmbrook 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 $545,571 – $672,548, 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 $637,815 home should be assessed near $180,693.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,493 below what the ratio math suggests (13.0%).
Step 4 · The tax rate — same for every Old Bridge home
$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%
This home's own bill implies $6.054 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 78 WASHINGTON AVE | 2026-04 | $575,000 | 1,792 | 23.8% |
| 78 WASHINGTON AVE | 2025-06 | $538,300 | 1,792 | 25.4% |
| 23 GERARD AVE | 2025-07 | $650,000 | 1,746 | 24.1% |
| 68 ATHENS AVE | 2025-02 | $675,000 | 1,790 | 22.6% |
| 62 STEVENS AVE | 2026-05 | $615,000 | 1,760 | 23.0% |
| 161 CINDY ST | 2025-03 | $665,000 | 1,716 | 23.0% |
| 21 STONEYBROOK DR | 2025-08 | $615,000 | 1,660 | 20.5% |
| 138 WASHINGTON AVE | 2026-05 | $675,000 | 1,792 | 21.5% |
| 5 HAROLD ST | 2026-04 | $525,000 | 1,760 | 29.4% |
| 26 EXETER ST | 2026-03 | $685,000 | 1,804 | 23.2% |
| 37 CAROLE PL | 2025-07 | $600,000 | 1,666 | 25.0% |
| 22 KENNETH AVE | 2025-05 | $704,000 | 1,666 | 23.1% |
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