The Fair Share Report
508 River Rd
Bethlehem, NJ 08802
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 $375,610 – $637,330, from 12 comparable Bethlehem 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 Bethlehem assessments sit below market value — republished every October, applied town-wide. A $496,465 home should be assessed near $533,253.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,153 below what the ratio math suggests (23.8%).
Step 4 · The tax rate — same for every Bethlehem home
$1.404 Schools · 69% $0.316 County · 16% $0.301 Town · 15%
Step 5 · The bill
This home vs. every recent Bethlehem sale · assessed ÷ market
58%117%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 14 TULIP LANE | 2026-01 | $412,500 | 1,606 | 88.2% |
| 125 VALLEY STATION ROAD | 2025-05 | $500,000 | 1,556 | 94.7% |
| 368 STROTZ ROAD | 2025-12 | $435,000 | 1,955 | 106.2% |
| 502 LUDLOW STATION RD | 2025-09 | $525,000 | 1,316 | 90.2% |
| 317 COUNTY ROUTE 579 | 2026-01 | $425,000 | 1,400 | 109.8% |
| 903 MOUNTAIN VIEW ROAD | 2025-05 | $571,000 | 1,344 | 88.0% |
| 311 NORTH POLKTOWN ROAD | 2026-02 | $680,000 | 1,715 | 86.3% |
| 500 CHARLESTOWN ROAD | 2025-11 | $735,000 | 2,164 | 64.0% |
| 350 TUNNEL ROAD | 2025-08 | $615,000 | 1,454 | 86.0% |
| 1 TURKEY RUN | 2025-10 | $535,000 | 1,840 | 106.2% |
| 385 TUNNEL ROAD | 2025-11 | $525,000 | 1,400 | 79.2% |
| 17 THOMAS ROAD | 2025-06 | $745,000 | 2,262 | 77.4% |
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