The Fair Share Report
616 Third 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 $417,281 – $525,688, 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 $448,871 home should be assessed near $389,261.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,261 below what the ratio math suggests (2.4%).
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 $1.782 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
67%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% |
| 711 ROUTE 202 | 2026-02 | $425,000 | 1,242 | 84.2% |
| 168 OAK STREET | 2025-04 | $460,000 | 1,365 | 83.2% |
| 56 ADAMSVILLE ROAD | 2026-05 | $525,000 | 1,360 | 71.2% |
| 13 HARRY ROAD | 2026-06 | $608,000 | 1,450 | 66.6% |
| 331 SUNNYSIDE TERR | 2025-03 | $505,000 | 1,122 | 65.8% |
| 72A PINE STREET | 2026-05 | $507,000 | 1,388 | 72.3% |
| 72A PINE STREET | 2025-03 | $450,000 | 1,388 | 81.4% |
| 88 LINDEN STREET | 2025-03 | $500,000 | 1,248 | 79.2% |
| 3505 FRENCH DR. | 2026-03 | $440,000 | 1,362 | 81.2% |
| 4108 DILTS LN. | 2026-02 | $428,000 | 1,362 | 83.0% |
| 705 DUNN CIRCLE | 2025-01 | $432,000 | 1,362 | 82.2% |
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