The Fair Share Report
31 Ray Ct
Bedminster, NJ 07920
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 $374,775 – $392,453, from 12 comparable Bedminster sales in the past 18 months, at this home's 832 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Bedminster assessments sit below market value — republished every October, applied town-wide. A $385,000 home should be assessed near $382,074.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,174 below what the ratio math suggests (8.9%).
Step 4 · The tax rate — same for every Bedminster home
$0.618 Schools · 51% $0.301 County · 25% $0.285 Town · 24%
This home's own bill implies $1.123 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bedminster sale · assessed ÷ market
79%107%
Paying about right
This home's ratio lands inside Bedminster'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 |
|---|---|---|---|---|
| 47 SPRUCE COURT | 2026-03 | $379,999 | 832 | 91.6% |
| 15 RAY COURT | 2026-02 | $387,500 | 832 | 92.4% |
| 48 SPRUCE COURT | 2025-06 | $390,000 | 832 | 90.6% |
| 55 SAGE COURT | 2026-03 | $404,000 | 832 | 85.8% |
| 34 SAGE COURT | 2026-01 | $393,000 | 832 | 92.0% |
| 71 MAYFIELD ROAD | 2025-02 | $385,000 | 832 | 89.5% |
| 36 STEVENS COURT | 2026-02 | $372,000 | 871 | 95.6% |
| 49 SAGE COURT | 2026-05 | $400,000 | 888 | 88.1% |
| 48 MORGAN COURT | 2026-06 | $415,000 | 901 | 92.0% |
| 64 ENCAMPMENT DRIVE | 2026-03 | $425,000 | 901 | 89.2% |
| 22 MORGAN COURT | 2026-01 | $370,000 | 901 | 101.9% |
| 7 MORGAN COURT | 2025-02 | $390,000 | 901 | 96.3% |
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