The Fair Share Report

3 E Ave

Bridgeton, NJ 08323

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.

Step 1 · Market value

≈ $192,114

Likely range $126,644 – $270,278, from 12 comparable Bridgeton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

56.56%

The state's official measure of how far Bridgeton assessments sit below market value — republished every October, applied town-wide. A $192,114 home should be assessed near $108,660.

Step 3 · Assessed value

$43,600

Set at the last town-wide revaluation and mostly frozen since. That's $65,060 below what the ratio math suggests (59.9%).

Step 4 · The tax rate — same for every Bridgeton home

$5.787 per $100 assessed

$0.745 Schools · 13% $1.434 County · 25% $3.608 Town · 62%

Step 5 · The bill

$2,524/yr
Public schools$325
Cumberland County$626
Town of Bridgeton$1,574
Bridgeton average$4,184

This home vs. every recent Bridgeton sale · assessed ÷ market

Town median 41.1%
This home · 22.7%

11%75%

Paying about right

This home's ratio lands inside Bridgeton's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
538 SOUTH AVE2026-02$175,0001,31936.3%
335 SPRUCE STREET2025-02$245,0001,29625.6%
81 MAGNOLIA AVE2026-05$70,0001,42171.0%
45 INSTITUTE PLACE2025-09$163,0001,33455.8%
45 INSTITUTE PLACE2025-06$130,0001,33470.0%
132 HAMPTON STREET2025-04$168,0001,19234.3%
107 CEDARBROOK AVE2026-01$255,0001,17641.8%
273 W COMMERCE ST EXT2025-07$190,0001,16932.5%
84 EWING ST2026-05$165,00099836.4%
77 CORAL AVENUE2026-03$303,0001,19653.0%
138 NEW STREET2025-03$99,5001,08071.3%
52 LOGAN ST2025-07$270,0001,10037.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →