The Fair Share Report
642 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 $445,913 – $573,905, 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 $469,099 home should be assessed near $406,803.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,303 below what the ratio math suggests (1.5%).
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 $1.794 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
64%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 |
|---|---|---|---|---|
| 56 ADAMSVILLE ROAD | 2026-05 | $525,000 | 1,360 | 71.2% |
| 168 OAK STREET | 2025-04 | $460,000 | 1,365 | 83.2% |
| 13 HARRY ROAD | 2026-06 | $608,000 | 1,450 | 66.6% |
| 88 LINDEN STREET | 2025-03 | $500,000 | 1,248 | 79.2% |
| 136 PEARL STREET | 2025-04 | $612,000 | 1,433 | 77.3% |
| 346 VANDERVEER ROAD | 2025-03 | $635,000 | 1,454 | 78.3% |
| 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% |
| 591 E MAIN ST | 2025-05 | $400,000 | 1,412 | 79.6% |
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