The Fair Share Report

338 Hackett Rd

Bethlehem, NJ 08827

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

≈ $436,375

Likely range $330,148 – $564,201, from 12 comparable Bethlehem sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

107.41%

The state's official measure of how far Bethlehem assessments sit below market value — republished every October, applied town-wide. A $436,375 home should be assessed near $468,710.

Step 3 · Assessed value

$378,200

Set at the last town-wide revaluation and mostly frozen since. That's $90,510 below what the ratio math suggests (19.3%).

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

$2.020 per $100 assessed

$1.404 Schools · 69% $0.316 County · 16% $0.301 Town · 15%

Step 5 · The bill

$8,084/yr
Public schools$5,616
Hunterdon County$1,264
Town of Bethlehem$1,204
Bethlehem average$12,242

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

Town median 91.1%
This home · 86.7%

62%120%

Paying about right

This home's ratio lands inside Bethlehem'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
502 LUDLOW STATION RD2025-09$525,0001,31690.2%
903 MOUNTAIN VIEW ROAD2025-05$571,0001,34488.0%
317 COUNTY ROUTE 5792026-01$425,0001,400109.8%
38 SOUTH POLKTOWN ROAD2026-02$270,0001,422128.1%
526 CHARLESTOWN ROAD2025-01$335,0001,39991.1%
14 TULIP LANE2026-01$412,5001,60688.2%
125 VALLEY STATION ROAD2025-05$500,0001,55694.7%
385 TUNNEL ROAD2025-11$525,0001,40079.2%
368 STROTZ ROAD2025-12$435,0001,955106.2%
350 TUNNEL ROAD2025-08$615,0001,45486.0%
263 ASBURY-WEST PORTAL2025-06$425,00085078.8%
311 NORTH POLKTOWN ROAD2026-02$680,0001,71586.3%

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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 →