The Fair Share Report
237 Maple Ave
So Bound Brook, NJ 08880
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 $408,418 – $572,759, from 12 comparable South 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 South Bound Brook assessments sit below market value — republished every October, applied town-wide. A $473,485 home should be assessed near $293,892.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,508 above what the ratio math suggests (16.5%).
Step 4 · The tax rate — same for every South Bound Brook home
$2.182 Schools · 54% $0.530 County · 13% $1.301 Town · 32%
Step 5 · The bill
This home vs. every recent South Bound Brook sale · assessed ÷ market
39%89%
Paying about right
This home's ratio lands inside South Bound Brook'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 |
|---|---|---|---|---|
| 123 WARREN STREET | 2025-05 | $504,000 | 1,843 | 51.9% |
| 223 CHARLOTTE AVENUE | 2026-06 | $335,000 | 1,390 | 67.2% |
| 221 CHARLOTTE AVENUE | 2026-06 | $335,000 | 1,390 | 65.3% |
| 67 EDGEWOOD TERRACE | 2025-02 | $556,000 | 1,960 | 59.4% |
| 20 VAN SICKLE BOULEVARD | 2026-03 | $550,000 | 2,428 | 62.7% |
| 113 JEROME AVENUE | 2025-10 | $610,000 | 1,710 | 44.6% |
| 15 BARBER BLVD | 2025-08 | $527,500 | 1,970 | 51.2% |
| 15 EQUATOR AVENUE | 2025-08 | $523,000 | 1,152 | 53.5% |
| 6 KOEHLER DRIVE | 2025-10 | $500,000 | 1,584 | 54.7% |
| 3 EDGEWOOD TERRACE | 2025-04 | $375,000 | 1,936 | 117.3% |
| 52 ELIZABETH STREET | 2025-03 | $450,000 | 1,932 | 61.6% |
| 217 BATHGATE AVENUE | 2026-06 | $330,000 | 1,680 | 68.7% |
Is this your house?
Run your own report →