The Fair Share Report

620 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

≈ $1,501,991

Likely range $1,426,998 – $1,739,777, 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 $1,501,991 home should be assessed near $1,302,527.

Step 3 · Assessed value

$1,380,600

Set at the last town-wide revaluation and mostly frozen since. That's $78,073 above what the ratio math suggests (6.0%).

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 $1.704 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$23,524/yr
Public schools$16,004
Somerset County$4,502
Town of Bridgewater$3,018
Bridgewater average$10,962

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

Town median 84.0%
This home · 91.9%

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)

AddressSoldPriceSq ftRatio
2141 WASHINGTON VALLEY RD2026-06$1,550,0004,11994.9%
846 SUNSET RIDGE2026-06$2,185,0004,55675.2%
54 HILLCREST RD2025-03$1,404,0004,34281.0%
5 ADAMS CT.2026-05$1,370,0004,42282.0%
4 WILDE HOLLOW2026-05$1,675,0004,65282.6%
1600 MOUNTAIN TOP ROAD2026-06$1,550,0004,605100.7%
4 FOREST VIEW DRIVE2025-02$1,920,0004,69474.2%
1 WISHNOW WAY2026-04$1,450,0004,29596.6%
2 DUMONT COURT2026-02$1,220,0004,23297.4%
26 WINSLOW DR.2026-06$1,512,5004,94580.0%
11 TOWER RD.2025-03$1,540,0003,72898.4%
842 MADISON AVE2026-03$1,405,0003,90279.9%

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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 →