The Fair Share Report

75 Willow Dr

Bedminster, NJ 07921

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

≈ $748,982

Likely range $606,094 – $868,244, from 12 comparable Bedminster sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

99.24%

The state's official measure of how far Bedminster assessments sit below market value — republished every October, applied town-wide. A $748,982 home should be assessed near $743,290.

Step 3 · Assessed value

$953,500

Set at the last town-wide revaluation and mostly frozen since. That's $210,210 above what the ratio math suggests (28.3%).

Step 4 · The tax rate — same for every Bedminster home

$1.204 per $100 assessed

$0.618 Schools · 51% $0.301 County · 25% $0.285 Town · 24%

This home's own bill implies $1.140 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,869/yr
Public schools$5,579
Somerset County$2,717
Town of Bedminster$2,573
Bedminster average$6,840

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

Town median 92.2%
This home · 127.3%

79%163%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,531/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
5 BRIGHTWOOD LANE2025-04$740,0001,87897.2%
42 STONE RUN ROAD2026-06$565,0001,81293.9%
92 STONE RUN ROAD2026-03$625,0001,81286.1%
1204 TIMBERBROOKE DRIVE2026-05$710,0001,94491.9%
12 STONE RUN ROAD2025-05$528,9001,73599.7%
22 OAK KNOLL LANE2026-02$700,0001,91591.9%
28 HEATHERWOOD LANE2025-04$650,0001,91597.0%
13 SPENCER LANE2026-05$770,0001,73388.0%
2 BERKLEY LANE2026-01$715,0001,704104.1%
1 ARTILLERY PARK ROAD2025-01$533,0001,717100.4%
701 TIMBERBROOKE DRIVE2026-04$755,0002,51285.5%
80 NORTH EDGEWOOD ROAD2026-04$715,0001,55681.8%

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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 →