The Fair Share Report
581 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 $590,526 – $716,170, 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 $669,843 home should be assessed near $580,888.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,388 below what the ratio math suggests (13.3%).
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 $1.760 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 |
|---|---|---|---|---|
| 591 E MAIN ST | 2025-05 | $400,000 | 1,412 | 79.6% |
| 1899 WASHINGTON VALLEY RD | 2026-03 | $600,000 | 1,754 | 103.2% |
| 23 WALTERS BROOK DR. | 2025-05 | $760,000 | 1,997 | 94.9% |
| 3803 VROOM DR. | 2026-01 | $710,000 | 1,875 | 76.4% |
| 42 STRYKER CT. | 2026-01 | $515,000 | 1,846 | 96.3% |
| 1003 PINHORN DR. | 2026-01 | $540,000 | 1,820 | 95.9% |
| 10 TIFFIN PLACE | 2025-05 | $585,000 | 1,808 | 91.6% |
| 1205 PINHORN DR. | 2025-01 | $667,000 | 1,792 | 86.0% |
| 13 HARRY ROAD | 2026-06 | $608,000 | 1,450 | 66.6% |
| 9 ENGLISH CT | 2026-01 | $640,000 | 1,780 | 78.9% |
| 2403 WINDER DR. | 2026-03 | $591,000 | 1,728 | 81.8% |
| 295 ENGLISH CT. | 2026-03 | $655,000 | 1,791 | 76.8% |
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