The Fair Share Report

33 Third St

Old Bridge, NJ 08857

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

≈ $563,568

Likely range $497,231 – $631,512, from 12 comparable Old Bridge sales in the past 18 months, at this home's 1,536 sq ft.

Step 2 · The Director's Ratio

28.33%

The state's official measure of how far Old Bridge assessments sit below market value — republished every October, applied town-wide. A $563,568 home should be assessed near $159,659.

Step 3 · Assessed value

$117,400

Set at the last town-wide revaluation and mostly frozen since. That's $42,259 below what the ratio math suggests (26.5%).

Step 4 · The tax rate — same for every Old Bridge home

$6.094 per $100 assessed

$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%

Step 5 · The bill

$7,294/yr
Public schools$4,548
Middlesex County$1,384
Town of Old Bridge$1,362
Old Bridge average$9,590

This home vs. every recent Old Bridge sale · assessed ÷ market

Town median 24.8%
This home · 20.8%

13%38%

Paying about right

This home's ratio lands inside Old Bridge'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
306 AUSTIN AVE2025-12$600,0001,59021.2%
27 SUNRISE RD2025-07$620,0001,50820.8%
152 AUSTIN AVE2026-03$680,0001,46518.9%
8 FARMBROOK DR2025-08$549,0001,56021.6%
32 SOUTHWOOD DR2025-07$610,0001,56023.9%
46 ATHENS AVE2025-08$550,0001,52024.4%
8 CONCORD DR2025-09$575,0001,46622.5%
106 ATHENS AVE2026-02$420,0001,56033.8%
32 WASHINGTON AVE2025-10$505,0001,56029.3%
55 SOUTHWOOD DR2025-02$500,0001,56024.3%
50 CINDY ST2026-05$665,0001,52924.0%
15 CRASSAS ST2025-07$675,0001,53021.5%

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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 →