The Fair Share Report
620 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 $541,567 – $672,865, 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 $577,959 home should be assessed near $501,206.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,206 below what the ratio math suggests (2.6%).
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 $1.778 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 |
|---|---|---|---|---|
| 1899 WASHINGTON VALLEY RD | 2026-03 | $600,000 | 1,754 | 103.2% |
| 700 VOSSELLER AVENUE | 2025-06 | $485,000 | 1,672 | 89.9% |
| 591 E MAIN ST | 2025-05 | $400,000 | 1,412 | 79.6% |
| 711 ROUTE 202 | 2026-02 | $425,000 | 1,242 | 84.2% |
| 295 ENGLISH CT. | 2026-03 | $655,000 | 1,791 | 76.8% |
| 1008 BAYLEY CT. | 2025-05 | $680,000 | 1,704 | 81.5% |
| 3302 PINHORN DRIVE | 2026-01 | $554,000 | 1,710 | 83.4% |
| 508 READING CIRCLE | 2026-04 | $650,000 | 1,668 | 77.6% |
| 4 ENGLISH CT | 2025-06 | $627,000 | 1,791 | 80.4% |
| 56 LOFT DRIVE | 2026-06 | $734,000 | 1,720 | 90.9% |
| 23 CHAMBERLIN WAY | 2025-04 | $674,000 | 1,720 | 97.3% |
| 2403 WINDER DR. | 2026-03 | $591,000 | 1,728 | 81.8% |
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