The Fair Share Report
311 E St
Bound Brook, NJ 07938
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 $387,312 – $489,654, from 12 comparable 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 Bound Brook assessments sit below market value — republished every October, applied town-wide. A $417,414 home should be assessed near $389,280.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,220 above what the ratio math suggests (6.5%).
Step 4 · The tax rate — same for every Bound Brook home
$1.107 Schools · 50% $0.345 County · 16% $0.753 Town · 34%
This home's own bill implies $2.050 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bound Brook sale · assessed ÷ market
72%112%
Paying about right
This home's ratio lands inside 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 |
|---|---|---|---|---|
| 342 LONGWOOD AVENUE | 2025-03 | $420,000 | 1,421 | 100.6% |
| 306 CHURCH STREET | 2026-03 | $510,000 | 1,288 | 94.0% |
| 601 THOMPSON AVENUE | 2026-02 | $440,000 | 1,534 | 111.8% |
| 308 CHURCH STREET | 2026-06 | $460,000 | 1,580 | 91.8% |
| 561 MARION STREET | 2026-06 | $600,000 | 1,260 | 79.8% |
| 160 LINDEN AVENUE | 2025-05 | $450,000 | 1,340 | 87.8% |
| 162 LINDEN AVENUE | 2026-03 | $379,900 | 1,250 | 101.2% |
| 513 GROVE AVENUE | 2025-05 | $450,000 | 1,233 | 94.0% |
| 254 WEST HIGH STREET | 2025-02 | $480,000 | 1,552 | 100.1% |
| 641 CRESCENT DRIVE | 2026-01 | $325,000 | 1,048 | 105.4% |
| 512 WEST SECOND STREET | 2026-02 | $575,000 | 1,664 | 91.0% |
| 110 JOHN STREET | 2025-06 | $490,000 | 1,392 | 101.6% |
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