The Fair Share Report

654 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

≈ $710,279

Likely range $643,502 – $728,130, 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 $710,279 home should be assessed near $615,954.

Step 3 · Assessed value

$658,500

Set at the last town-wide revaluation and mostly frozen since. That's $42,546 above what the ratio math suggests (6.9%).

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 $1.836 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$12,091/yr
Public schools$8,226
Somerset County$2,314
Town of Bridgewater$1,551
Bridgewater average$10,962

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

Town median 84.0%
This home · 92.7%

68%108%

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
10 TIFFIN PLACE2025-05$585,0001,80891.6%
7 KATHLEEN PLACE2025-02$700,0001,69982.7%
1128 CONCORD DRIVE2025-01$705,0001,73687.6%
1366 SPUR CT2026-04$706,0001,79879.6%
1100 CONCORD DRIVE2026-06$711,0001,86882.7%
1052 RECTOR ROAD2026-01$640,0001,712104.0%
1794 WASHINGTON VALLEY RD2025-01$875,0001,71977.0%
11 GLENWOOD TERRACE2025-02$700,0001,83581.6%
179 BRAHMA AVENUE2026-05$715,0001,72459.5%
61 STELLA DRIVE2026-01$775,0001,90674.8%
1155 PAPEN ROAD2025-06$686,0001,93082.3%
82 CLAIRE DRIVE2026-04$600,0002,02795.8%

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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 →