The Fair Share Report
531 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 1 · Market value
Likely range $488,959 – $583,236, from 12 comparable Bound Brook 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 Bound Brook assessments sit below market value — republished every October, applied town-wide. A $534,635 home should be assessed near $498,601.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $88,301 below what the ratio math suggests (17.7%).
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 $2.110 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bound Brook sale · assessed ÷ market
65%111%
Keep quiet and enjoy it
This home's assessment ratio sits below the Bound Brook pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 FAIRVIEW AVENUE | 2025-04 | $550,000 | 1,656 | 87.3% |
| 110 JOHN STREET | 2025-06 | $490,000 | 1,392 | 101.6% |
| 529 EAST SECOND STREET | 2025-04 | $410,000 | 1,440 | 96.5% |
| 160 LINDEN AVENUE | 2025-05 | $450,000 | 1,340 | 87.8% |
| 211 WEST SECOND STREET | 2025-03 | $525,000 | 1,560 | 75.9% |
| 162 LINDEN AVENUE | 2026-03 | $379,900 | 1,250 | 101.2% |
| 589 MOUNTAIN AVENUE | 2026-04 | $510,000 | 1,582 | 89.7% |
| 415 EAST UNION AVENUE | 2025-01 | $575,000 | 1,862 | 88.8% |
| 713 MOUNTAIN AVENUE | 2025-05 | $485,000 | 1,628 | 88.2% |
| 46 VAN KEUREN AVENUE | 2025-04 | $550,000 | 1,754 | 90.1% |
| 283 WEST MAIN STREET | 2025-02 | $293,000 | 1,204 | 94.9% |
| 28 WEST UNION AVENUE | 2026-06 | $490,000 | 1,744 | 85.2% |
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