The Fair Share Report

596 Stangle Rd

Bridgewater, NJ 08836

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.

Step 1 · Market value

≈ $530,350

Likely range $509,672 – $700,827, from 12 comparable Bridgewater sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

86.72%

The state's official measure of how far Bridgewater assessments sit below market value — republished every October, applied town-wide. A $530,350 home should be assessed near $459,920.

Step 3 · Assessed value

$620,900

Set at the last town-wide revaluation and mostly frozen since. That's $160,980 above what the ratio math suggests (35.0%).

Step 4 · The tax rate — same for every Bridgewater home

$1.901 per $100 assessed

$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%

This home's own bill implies $1.846 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$11,460/yr
Public schools$7,796
Somerset County$2,193
Town of Bridgewater$1,470
Bridgewater average$10,962

This home vs. every recent Bridgewater sale · assessed ÷ market

Town median 84.0%
This home · 117.1%

68%127%

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)

AddressSoldPriceSq ftRatio
7 KATHLEEN PLACE2025-02$700,0001,69982.7%
10 TIFFIN PLACE2025-05$585,0001,80891.6%
1436 LONG RD.2025-06$825,0001,95590.3%
435 UNION AVE2026-06$355,0001,566111.4%
89 PEARL ST2026-02$575,0001,78180.1%
1543 MOUNTAIN TOP RD.2025-05$855,0001,51468.7%
703 PORTER WAY WEST2026-02$525,0001,63798.1%
55 STELLA DRIVE2026-04$790,0001,58580.1%
508 READING CIRCLE2026-04$650,0001,66877.6%
703 BROKAW COURT2025-03$455,0001,57897.8%
1008 BAYLEY CT.2025-05$680,0001,70481.5%
167 BRAHMA AVENUE2025-06$551,0001,38375.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →