The Fair Share Report
25 Pendleton Pl
Old Bridge, NJ 08857
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Old Bridge's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $424,867 – $514,401, 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 $474,252 home should be assessed near $134,356.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,956 below what the ratio math suggests (12.6%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 175 BRISTOL CT | 2025-06 | $500,000 | 1,452 | 22.8% |
| 158 DEVON CT | 2025-04 | $485,000 | 1,452 | 24.8% |
| 114 WILSHIRE CT | 2026-02 | $530,000 | 1,452 | 20.9% |
| 362 MINSTREL CT | 2025-11 | $450,000 | 1,452 | 25.5% |
| 165 PENN CT | 2026-04 | $575,000 | 1,524 | 20.5% |
| 81 LETTS CT | 2025-12 | $430,000 | 1,524 | 28.2% |
| 165 PENN CT | 2025-10 | $370,000 | 1,524 | 31.8% |
| 61 LAURIE CT | 2025-10 | $465,000 | 1,524 | 26.8% |
| 208 HENDERSON CT | 2025-10 | $550,000 | 1,524 | 21.9% |
| 193 HEYWOOD CT | 2025-10 | $445,000 | 1,524 | 27.3% |
| 192 HEYWOOD CT | 2025-03 | $491,000 | 1,524 | 24.1% |
| 106 WILSHIRE CT | 2026-04 | $370,000 | 1,418 | 31.1% |
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