The Fair Share Report
45 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $386,457 – $441,209, from 12 comparable Old Bridge 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 Old Bridge assessments sit below market value — republished every October, applied town-wide. A $404,438 home should be assessed near $114,577.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,777 below what the ratio math suggests (1.6%).
Step 4 · The tax rate — same for every Old Bridge home
$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%
Step 5 · The bill
This home vs. every recent Old Bridge sale · assessed ÷ market
16%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 46 ELLEN HEATH DR | 2025-12 | $363,734 | 1,270 | 22.9% |
| 54 ELLEN HEATH DR | 2026-01 | $375,000 | 1,228 | 23.8% |
| 50 ELLEN HEATH DR | 2025-07 | $385,000 | 1,228 | 20.8% |
| 53 ELLEN HEATH DR | 2025-03 | $325,000 | 1,228 | 29.2% |
| 181 HEYWOOD CT | 2026-01 | $400,000 | 1,276 | 27.2% |
| 95 REYNOLDS CT | 2025-10 | $420,000 | 1,276 | 25.9% |
| 35 LAURIE CT | 2025-10 | $430,000 | 1,276 | 25.3% |
| 121 BOWNE CT | 2025-04 | $435,000 | 1,276 | 25.7% |
| 106 NEILLY CT | 2025-09 | $385,000 | 1,256 | 22.6% |
| 813 DARLINGTON DR | 2025-08 | $432,500 | 1,279 | 20.8% |
| 46 LANE CT | 2026-04 | $395,000 | 1,256 | 22.5% |
| 27 DORADO CT | 2025-02 | $385,000 | 1,348 | 25.8% |
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