The Fair Share Report
514 E Second St
Bound Brook, NJ 08805
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 2 · The Director's Ratio
The state's official measure of how far Bound Brook assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Bound Brook home
$1.107 Schools · 50% $0.345 County · 16% $0.753 Town · 34%
This home's own bill implies $1.970 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Bound Brook for a fairness verdict — the town's current median assessment ratio is 93.6%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 44 ROMNEY ROAD | 2025-03 | $300,000 | 1,040 | 109.4% |
| 615 THOMPSON AVENUE | 2025-04 | $330,000 | 928 | 93.6% |
| 687 CRESCENT DRIVE | 2026-03 | $350,000 | 992 | 94.4% |
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