The Fair Share Report
548 E Main St
Bridgewater, NJ 08807
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 $480,751 – $630,434, from 12 comparable Bridgewater 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 Bridgewater assessments sit below market value — republished every October, applied town-wide. A $547,320 home should be assessed near $474,636.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,636 below what the ratio math suggests (5.8%).
Step 4 · The tax rate — same for every Bridgewater home
$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%
This home's own bill implies $1.769 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bridgewater sale · assessed ÷ market
65%105%
Paying about right
This home's ratio lands inside Bridgewater'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 |
|---|---|---|---|---|
| 1899 WASHINGTON VALLEY RD | 2026-03 | $600,000 | 1,754 | 103.2% |
| 552 FOOTHILL ROAD | 2026-04 | $675,000 | 1,582 | 69.6% |
| 435 UNION AVE | 2026-06 | $355,000 | 1,566 | 111.4% |
| 711 ROUTE 202 | 2026-02 | $425,000 | 1,242 | 84.2% |
| 1610 DONAHUE ROAD | 2025-02 | $400,000 | 1,664 | 153.6% |
| 317 OLD YORK RD. | 2026-01 | $585,000 | 1,656 | 81.3% |
| 94 IVY LANE | 2026-03 | $650,000 | 1,684 | 84.5% |
| 703 BROKAW COURT | 2025-03 | $455,000 | 1,578 | 97.8% |
| 103 KAREN PLACE | 2026-04 | $645,000 | 1,618 | 80.8% |
| 1103 DOOLITTLE DRIVE | 2026-05 | $490,000 | 1,564 | 90.1% |
| 602 BROKAW COURT | 2025-06 | $480,000 | 1,564 | 91.8% |
| 703 PORTER WAY WEST | 2026-02 | $525,000 | 1,637 | 98.1% |
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