The Fair Share Report
618 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 $372,147 – $447,353, 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 $411,396 home should be assessed near $356,763.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,437 above what the ratio math suggests (1.2%).
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 $1.793 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
68%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 |
|---|---|---|---|---|
| 11 DARTMOUTH AVE. | 2025-04 | $285,000 | 1,125 | 84.5% |
| 10 STANFORD DR. | 2025-04 | $230,000 | 1,125 | 104.7% |
| 8 STANFORD DR. | 2025-03 | $285,000 | 1,125 | 85.2% |
| 88 LINDEN STREET | 2025-03 | $500,000 | 1,248 | 79.2% |
| 805 BROKAW COURT | 2026-03 | $455,000 | 1,240 | 85.7% |
| 1406 DOOLITTLE DRIVE | 2025-03 | $430,000 | 1,240 | 88.1% |
| 405 BROKAW COURT | 2025-01 | $390,000 | 1,240 | 94.4% |
| 132 CHELSEA WAY | 2026-06 | $465,000 | 1,440 | 80.4% |
| 25 CHELSEA WAY | 2026-05 | $460,408 | 1,440 | 80.1% |
| 89 CHELSEA WAY | 2026-01 | $480,000 | 1,440 | 76.0% |
| 117 CHELSEA WAY | 2026-01 | $450,000 | 1,440 | 83.0% |
| 115 CHELSEA WAY | 2025-03 | $427,500 | 1,440 | 86.3% |
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