The Fair Share Report

41 Pine Ct

Bedminster, NJ 07921

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

≈ $405,000

Likely range $375,030 – $426,515, from 12 comparable Bedminster sales in the past 18 months, at this home's 926 sq ft.

Step 2 · The Director's Ratio

99.24%

The state's official measure of how far Bedminster assessments sit below market value — republished every October, applied town-wide. A $405,000 home should be assessed near $401,922.

Step 3 · Assessed value

$377,300

Set at the last town-wide revaluation and mostly frozen since. That's $24,622 below what the ratio math suggests (6.1%).

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

$1.204 per $100 assessed

$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

$4,236/yr
Public schools$2,174
Somerset County$1,059
Town of Bedminster$1,003
Bedminster average$6,840

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

Town median 92.2%
This home · 93.2%

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)

AddressSoldPriceSq ftRatio
18 PINE COURT2026-06$435,00092688.5%
32 SPRUCE COURT2026-04$405,00092692.6%
33 FOXWOOD COURT2026-06$420,00094392.2%
1 CROSSFIELD COURT2025-03$310,000943117.6%
48 MORGAN COURT2026-06$415,00090192.0%
64 ENCAMPMENT DRIVE2026-03$425,00090189.2%
22 MORGAN COURT2026-01$370,000901101.9%
7 MORGAN COURT2025-02$390,00090196.3%
9 HIGH POND LANE2026-02$460,00091382.5%
49 SAGE COURT2026-05$400,00088888.1%
36 STEVENS COURT2026-02$372,00087195.6%
4 PINE COURT2025-01$405,0001,00086.8%

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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 →